The buying that stops the selling at the trend line impresses some of the previously uncommitted.
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It represents the consensus of their expectations.
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Support levels indicate the price where the majority of investors believe that prices will move higher, and resistance levels indicate the price at which a majority of investors feel prices will move lower.
the truth about trading currency
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THE TREND IS YOUR FRIEND The price chart of a security may appear like a random distribution, but this is not so.
Jumping the gun can be risky; the entry level may never be reached.
Next we will see a sudden burst from this range and this is the breakout.