Simple chart analysis can help identify support and resistance levels. These are usually marked by periods of congestion (trading range) where the prices move within a confined range for an extended period, telling us that the forces of supply and demand are deadlocked. When prices move out of the trading range, it signals that either supply or demand has started to get the upper hand. If prices move above the upper band of the trading range, then demand is winning. If prices move below the lower band, then supply is winning.
Subscribe to:
Post Comments (Atom)
1 comment:
Did you know that you can earn dollars by locking special sections of your blog or website?
Simply open an account on AdWorkMedia and add their Content Locking tool.
Post a Comment