It wouldn’t help to look at charts or data, as each day there would be a 50% chance of the market going up or down.
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Resistance can also be expected at prices of previous support or resistance.
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Moving averages are generally calculated using the closing price.
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You know that these are the only two choices- or probabilities.
Whenever we talk of trend it has to be related to the context of time.
So it is with channels, as these too must be adjusted as the trend accelerates or decelerates.