Trend lines can be used to identify and confirm trends. A trend line connects at least 2 price points on a chart and is usually extended forward to identify sloped areas of support and resistance. Lines with a positive slope that support price action show that net-demand is increasing. As long as the price action stays above this line, we have a bullish trend. Lines with a negative slope that act as resistance to the price action show that net-supply is increasing. As long as the price action stays under this line, we have a bearish trend.
Price usually retests a sloped trend line several times, until it breaks at which point we may have a trend reversal. The more points there are to connect, the stronger a trend line becomes. Different strategies have different rules on how far apart connected price points can be and whether to connect wicks or candle bodies, but all trend lines break eventually. TradingView has a smart drawing tool that allows users to visually identify trend lines on a chart. This tool can also be used to illustrate trends on indicators.
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. ...
Knocking at resistance right now. I am currently flat. If we continue to close below resistance then I will short. If we break above and retest as support then I will look for long setups.
Greetings all. Hope all is well.
Sniffing around for plays I encountered this nasty symmetrical triangle. Too good to be true, maybe, but it looks so fine ;).
I haven't been up too date with fundamentals so any comments regarding that would be much appreciated.
Symmetrical triangles can go either way so be wary. The dotted line is the width of the last move ...
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based ...
The market is currently making lower highs and higher lows, resulting in the formation of the symmetrical triangle above.
This means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend.
In the chart above, you can see that the buyers are starting to gain strength because they are making higher lows.
They keep putting ...
15 min chart indicates we should expect another test of the short-term support trend line. If it falls below 1.47, I think we could see a quick dip into the 1.3Xs. Need more demand to sustain this uptrend in the short-term.
The common benefits of CBD in dogs
Current research shows that there are several common CBD benefits for dogs, which are, 1) powerful painkiller (the ECS is involved in managing pain and CBD's pain killing properties are well documented}; 2) effective anticonvulsant (CBD helps control seizures, tremors, tics and spasms); 3) natural anti-inflammatory; 4) anxiety ...
This is the time to start thinking about building your longer term positions.
Bears are running out of energy.
Shorting weakness still on the table, but I wanted to get these long position thoughts out.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
