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What is Understanding Market Trends Basics about?

There are three types of trends in the stock market: uptrends, downtrends, and sideways trends. Technical indicators work best for following trends and may not be effective during sideways trends. Trends can be classified as major, intermediate, or near-term. Support and resistance levels can change roles when lower lows or higher highs occur. Breaking trendlines, support, or resistance by 3% may signal a trend change. Fan lines, channel lines, gap openings, and head and shoulders patterns provide additiona

Author

Pranav Singh

Language

EN