When finally prices violate the third fan line it invariably means the trend so monitored has finished and a reversal of the trend is underway.
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Different markets, different market cycles and different investor goals will determine the most appropriate time period for which to calculate the moving average.
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The difficulty arises because of the time factor.
Support can also be found at prices of previous support or resistance.
This is because regardless of how many times the coin is tossed each event is independent.