Recognizing the trend line and the opposing parallel channel line - channel return line - and understanding the human dynamics that account for its structure, increase the efficiency of profit making by initiating or adding to one's position at trend lines and profit taking at the channel return line.
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Self-fulfilling prophecy (investors buy as they see prices rise).
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Optimizing profits is the other main aim of trading, besides limiting losses.
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As you can clearly see from the diagram, the trend line can change slope as the trend may move at different rates and it is mandatory to adjust the trend as necessary.
The moving average is similar to a smoothed trend and as such often acts as an area of support or resistance.
Should back up here slightly and mention that in 1884 Dow published his first stock market average of 11 stocks.