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support and resistance

Support is a price level where a downtrend can be expected to pause due to a concentration of demand. Resistance is the opposite.

Trading with Multiple Techniques: Candlesticks & Trend lines

In our last post we concluded our basic overview of Japanese Candlestick Charting with an explanation of the doji. Now let`s try to combine the Japanese approach with Western Technical Analysis methods. Support and Resistance Lines with Candlesticks One method of determining a trend is by using the most basic tool, the trendline. The first […]

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More Technical Analysis Tools to Trade the Market

In our last article, we explained about trends, support and resistance levels and trendlines. An additional trendline technique makes use of channel lines. Drawing channel lines In an uptrend, first draw the basic up trendline along the lows as shown in the figure below (points 1, 3, 5). Then draw a dotted line parallel to […]

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