Some commonly used ones are Major primary trend monitored by a 40-week (200-day) moving average.
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The longer the trend line has been in effect and the more times it has been successfully tested the more important the trend line becomes.
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Technical analysis is the science of human behavior.
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The price of a given security moves in trends.
A 200-day moving average eliminates the presence of daily price fluctuations for periods below 200 days.
They do not want a position to go more than a certain percent, say 5%, against them.