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The latest Messages 3
2021-11-05 09:35:16
TRENDLINETrendline is the line where we mark the formation of a trend. Either to predict an uptrend or a downtrend. It includes the market’s journey.
There are 3 types of Trends :-
1. Uptrend
The upward direction of the market movement, also known as 'Bullish'
2. Downtrend
Downward direction of market movement, also known as 'Bearish'
3. Sideways
The direction of market movement is horizontal (sideways), also known as 'ranging' ot 'flat'
5.4K views06:35
2021-11-05 08:05:21
5.5K views05:05
2021-11-02 18:25:26
983 voters2.2K views15:25
2021-11-02 17:40:21
1.1K voters2.9K views14:40
2021-11-02 17:30:36
1.2K voters3.0K views14:30
2021-11-02 17:20:26
Why is BREAKOUT important?
It is the initial signal of the next price direction. When a breakout occurs, the market is telling where the price is going to go after this.
But, keep in mind that a breakout is not a confirmation for the market to follow the breakout signal.
Several other things need to be taken into account as confirmation on to determine whether the breakout is valid or doesn't depend on the techniques used to analyze the market.
Can you BREAKOUT only with shadows or no?
The answer is NO.
Breakouts can occur by means of body candlestick close above the highest price before or the lowest price before.
3.1K views14:20
2021-11-02 17:10:16
BREAKOUT
BREAKOUT can only occur after the body candlestick close passes the previous highest or lowest price.
If you want to use shadow as a BREAKOUT signal, you need to go to a lower time frame until it finds a candlestick that successfully closes above the previous highest or lowest price.
However, this method is very risky because the smaller the time frame used, the more risk of a "false signal"
3.2K views14:10
2021-11-02 17:00:21
IDENTIFYING SUPPORT & RESISTANCEWhat do we see from the image above to determine Support & Resistance?
If the Support or Resistance area is always tested, and the price is not successfully penetrated (break), then the stronger the area, it can be said to be a major Support/ Resistance area.
Price is currently in the area between major Support/ Resistance. There must be an area that will also be a point back which can be said as a minor Support/minor Resistance area.
If the Resistance area is successfully penetrated (break), then the area has the potential to become a Support area. Vice versa.
3.2K views14:00
2021-11-02 16:55:16
PRICE HOLD The red circle indicates the price that remained at that level for quite some time before the market went down. Then every time the price returns to that level it will survive as Resistance.
3.2K views13:55
2021-11-02 16:40:16
PRICE BOUNCEThe red circle indicates a price that bounces or changes direction at that level, and it also indicates that whenever the price returns to that level it will hold on to Support.
3.3K views13:40
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