Whenever we talk of trend it has to be related to the context of time.
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These channels within channels are plotting the short, medium and long-term trend.
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In an attempt to give more importance to more recent prices, different types of moving averages have been developed.
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Now that we have had a look at the argument against using some form of technical analysis to help gain an advantage in the market lets have a look on the bright side; the argument for using some form of analysis to help make buy and sell decisions in the market.
How is it trading?
Technical analysis is the science of human behavior.