The is one of the necessary subjects to learn before starting to do trades.
What is the point?
The is the point to calculate the overall movement in the different time frames. The itself is a sum of High, low and closing prices from the previous day divided by three.
POINT=Previous high+previous low+previous close/3.
In the modern trading way, we have specified indicators to find it out.
No need to calculate Just a click is enough.
The is often used in conjunction with calculating levels, similar to the analysis. The first levels are calculated by using the width of the trading range between either high or low prices of the previous day.
The is considered as a reactionary price level. The Prices tend to pause or deflect when the is initially tested. Combining with other trading strategy is a common practice with traders.
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