support and resistance trend line
I have marked when to buy or sell so it should be... For example, a fast, steep advance or uptrend will be met with more competition and enthusiasm and may be halted by a more significant resistance level than a slow, steady advance. For example 16 000 or 16 500.
Buying or selling entails financial risks and could result in a partial or complete loss of your funds, therefore, you should not invest funds you cannot afford to lose. Thus, we can see that the trend channel is essential to trade within the bounds of the existing tendency, which is limited by it.There are also strength levels besides trend lines. This indicator will help... Generally a minor peak is formed when the high of the bar or candlestick is higher that the high of the bars or candlesticks on either side. A previous support level will sometimes become a resistance level when the price attempts to move back up, and conversely, a resistance level will become a support level as the price temporarily falls back. It identifies price levels where historically the price reacted either by reversing or at least by slowing down and prior price behavior at these levels can leave clues for future price behavior. A slow advance may not attract as much attention. Please make sure you carefully consider your investment objectives, level of experience and risk appetite before buying or selling.
Prices fall and test the support level, which will either "hold," and the price will bounce back up, or the support level will be violated, and the price will drop through the support and likely continue lower to the next support level. How does it work and what can this chart tell us?
The "golden ratio" used in the Fibonacci sequence, and also observed repeatedly in nature and social structure. Support and resistance zones become more significant if the levels have been tested regularly over an extended period of time. Basically, as soon as we are in the session range, the indicator will constantly keep track of the high and the low of this range. Remember how we used the terms "floor" for support and "ceiling" for resistance? And the bearish trend resumes its course. 1day/1month/12month HLC levels without repainting, to work with lower timeframes. That is the way a trend channel is formed.You can see in the pictures that the channel lines cross the critical points of the tendency. Let’s clarify this.Let’s start with the first axiom of technical analysis – Trend is a directional price movement with certain duration.Looking at the picture above we can notice that despite price moves upward and downward the general direction of all movements is upward. You can learn more about the standards we follow in producing accurate, unbiased content in our Support trend line – is the price level, which is prevented from decreasing by the market participants.
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