Technical traders require technical charts for Stock, Commodities and Forex market analysis for trading. A technical analyst understands the movement of the market and takes trading decision by observing these...
Support and Resistance
Labels:
Channel,
Support-Resistance,
Trend Line
Support and ResistanceSupport and resistance is one of the most widely used concepts in trading. Strangely enough, everyone seems to have their own idea on how you should measure support and resistance. Let's...
Trend Lines
Labels:
Channel,
Support-Resistance,
Trend Line
What is a trend A trend is simply, the persistence of a security's price to move in a particular direction. A trend can be bullish, bearish or flat. Also, a trend is in effect till it is reversed. Markets are...
Channels
Labels:
Channel,
Support-Resistance,
Trend Line
ChannelsIf we take this trend line theory one step further and draw a parallel line at the same angle of the uptrend or downtrend, we will have created a channel. No, we're not talking about ESPN, ABC, or Cartoon...
Trading the Lines
Labels:
Channel,
Support-Resistance,
Trend Line
Trading the LinesNow that you know the basics, it's time to apply these basic but extremely useful technical tools in your trading. Because here we want to make things easy to understand, we have divided...
Summary: Support and Resistance, Trend Lines, Channels
Labels:
Channel,
Support-Resistance,
Trend Line
Summary: Support and Resistance When the market moves up and then pulls back, the highest point reached before it pulls back is now resistance. As the market continues up again, the lowest point reached...
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