文档介绍：By MPFX Our aim at . is to make Technical Analysis as simple and plicated as possible. We will try to explain the concepts of each indicator in Plain English and include examples where possible. No indicator is 100% accurate but by the use of several at the same time we may be able to eliminate many False signals. We will start with the basics and work our way up to the plex indicators.
1. by MPFX The basis for drawing trend lines onto charts is probably one of the most basic to do and master, yet it is one of the more powerful and reliable indicators used to determine a change in trend. Trend lines can be applied to many different indicators but for the reference of this article we will use closing price data. This is the mon data used. We will discuss the other uses at a latter stage. Use the list below to navigate or simply scroll down. 1. What are trend lines and how to draw them ! 2. Support lines. 3. Resistance lines 4. What to look for / Breakout's Trend lines When viewing most An Up trend with trend line drawn in charts a pattern of the price formation is usually visible to the naked eye. This pattern is called a trend and these trends have three distinct patterns. UP TREND : Prices increasing DOWNTREND: Prices decreasing
HOLDING OR FLAT LINE : Prices stagnant or small trading range. A trend line is A down trend with trend line drawn in basically a line drawn joining consecutive lows or highs in a trend pattern. Draw a line connecting the lowest points on a chart in an up trend. Draw a line connecting the highest points on a chart in a down trend.
Draw BOTH highs and lows for a Holding pattern with BOTH lines drawn in holding pattern
Note Rising volumes on lead up to Breakout
TOP Support Line When we draw a line joining all the lows of a price pattern together Support