About: lishitong
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Support and Resistance
Support and resistance is a concept used within technical analysis that suggests that the market price of an asset will tend to fall and rise at certain predetermined levels. SupportThe support level is the level at which the price tends to find support as It is falling; it is more likely to “bounce” off thisContinue Reading
Written on December 28, 2020 at 8:01 am
Categories: Analysis
Trendlines Channels
Trendlines“The trend is your friend” is a quote used often by traders and the theory behind it is simple; it’s perceived as easy to make money trading in the same direction as the trend. An uptrend line (successive higher highs and higher lows) is depicted as a line drawn along the bottom of easily identifiableContinue Reading
Written on December 28, 2020 at 7:56 am
Categories: Analysis
Indicators
There are essentially two groups into which technical indicators fall – leading and lagging indicators. Leading indicators will change in advance of expected economic trends; they are often used to predict future movements but not always necessarily accurate. Lagging indicators are used to summarise past movements as opposed to predicting future; it changes after theContinue Reading
Written on December 28, 2020 at 7:53 am
Categories: Analysis
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