Dislikedyou have some calculated lines (targets) where price reaches and then market stay there and decide the next direction.
For downtrend, calculated lines are called support (S1,S2,S3).
For uptrend, calculated lines are called resistance (R1,R2,R3).
Pivot is the main line (From where trend start) where market stay for some time and then decide the direction.
I am not giving the definitions from books, it is just general idea to understand.
As Vahn said that sell signal is activated and if he used support lines as take profit then he is in good...Ignored
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,475 Posts
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- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,475 Posts
Love for all; Hatred for none.
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,475 Posts
Love for all; Hatred for none.
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,475 Posts
Love for all; Hatred for none.
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,475 Posts
Love for all; Hatred for none.
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,475 Posts
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- | Additional Username | Joined Mar 2012 | 2,539 Posts
When the Joker is in the deck.. fear not and play it well
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,475 Posts
Love for all; Hatred for none.
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,475 Posts
Love for all; Hatred for none.