I'm going to point blank show you an image of trend lines.
The market always usually bounces off trendlines, or in a case were it punctures the line, it will continue going down. or going up, if it punctures a resistance trendline.
To learn how trendlines work...
Visit: Trend-Line School
---
Search more information about 'Trend-Lines' on Google.
It's easy to say that, Trend-Lines rule the market. :)
-Mennzz :)
This is very good article to read as well as very much informative and useful for Forex trader. Obviously, we should not buy or purchase any unknown Forex strategies.
ReplyDeleteChart patterns such as "Triangles, Flags and Wedges" are price formations
ReplyDeletethat will provide you with consistent profits.
Before the age of computing power, the professionals used to analyze every
single chart to search for chart patterns. This kind of analysis was very
time consuming, but it was worth it. Now it's time to use powerful
dedicated computers that will do the job for you:
http://www.forextrendy.com?kdhfhs93874
Drawing trend lines is one of the few easy techniques that really WORK. Prices respect a trend line, or break through it resulting in a massive move. Drawing good trend lines is the MOST REWARDING skill.
ReplyDeleteThe problem is, as you may have already experienced, too many false breakouts. You see trend lines everywhere, however not all trend lines should be considered. You have to distinguish between STRONG and WEAK trend lines.
One good guideline is that a strong trend line should have AT LEAST THREE touching points. Trend lines with more than four touching points are MONSTER trend lines and you should be always prepared for the massive breakout!
This sophisticated software automatically draws only the strongest trend lines and recognizes the most reliable chart patterns formed by trend lines...
==> http://www.forextrendy.com?kdhfhs93874