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Analyzing Upward and Downward Trends by gabriellhabash is a document available to read on EtoBox.
What is Analyzing Upward and Downward Trends about?
The document discusses trend lines which are used in technical analysis to identify support and resistance levels and market trends. Upward trend lines indicate increasing buying pressure while downward trend lines suggest higher supply. The validity of trend lines depends on the number of points used and whether prices breach the lines without touching them multiple times. The scale of charts, whether arithmetic or logarithmic, can also impact the appearance of trend lines.
- Author
- gabriellhabash
- Language
- EN