In this article we will discuss about a widespread,
well-known key element of technical analysis. Why do you think technical
analysis especially some elements work so well for financial markets? Why do
you think Fibonacci levels are usually strictly followed? Because thousands and
billions of traders and computer programs for trading use these elements. This
way everybody acts the same at the same time…
This is why we decided to present in the category of
technical analysis, the most used and well-known methods of predicting
financial evolution. These methods are easy to understand and are very
efficient.
We will present you the trend lines. These lines can
be support or resistance of a chart. We will also learn what they are and how
can be drawn. We will give some examples of charts of S&P 500 e-mini and
Dow and analyze how these charts could have been interpreted and used for a
profitable trading day. Finally we will draw the conclusions.
Find the full article at: (links have been removed)
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