July 2015
Intermediate to advanced
352 pages
9h 40m
English
book
A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
by Michael C. Thomsett
Content preview from A Technical Approach To Trend Analysis: Practical Trade Timing for Enhanced Profits
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Trend Angles
When angles decrease as a trend develops, the tendency is for support and resistance to strengthen. Conversely, when the angle becomes steeper, resistance and support are more likely to weaken and may disintegrate entirely as volatility throws the trend into chaos.
This makes forecasting more difficult, as a steeper trend represents growing volatility and uncertainty about price patterns and the trend’s continuation. An example of a low angle in trendlines is shown in Figure 4.6.
Figure 4.6 Low angle (Chart courtesy of StockCharts.com)
This chart reveals a series of short-term trends, all but one moving upward as part of a primary ...
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