Regardless of the indicator you use what you are really studying is the science of human behavior.
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Next the market goes to R2 and then retraces back to S2.
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For the purpose of this book we shall concentrate on technical analysis.
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The longer the time span used to calculate the moving averages the greater the significance of its violation by price.
Up trend line.
The minor trend is like a small stream, which runs this way and that but is headed, in the general direction of the river.