Consequently when a trend line of long duration, which has been successfully tested many times, has been violated then an important reversal of trend has likely occurred.
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Parallel probable price range centered around a price line.
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I won't go into their complex mathematical derivations of these.
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This is referred to as the intrinsic value.
The secondary trend is like tributary to the main trend.
The ideal will be when all three trends are in unison, but this is not a prerequisite, as intermediate trends can be substantial in both time and price.