Sentences with phrase «horizontal trend lines support»
Horizontal trend lines support both of these moving averages and could aid in support if they come back into play soon.
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You can draw trend lines and horizontal lines to mark out support / resistance zones with any charting platform.
These can be trend lines, horizontal support or resistance, and even Fibonacci retracement levels.
What we have on the daily chart is a descending triangle pattern, which forms when a falling trend line and a horizontal support line converge.