Sentences with phrase «daily horizontal support»

Not exact matches

Nevertheless, there is a clearly defined area of horizontal price support and daily chart, and the ETF is also formed a pattern that is similar to an inverse head and shoulders.

I use the 8 and 21 daily EMAs for dynamic support / resistance, and horizontal support / resistance levels are simply your classic technical analysis support and resistance levels that connect highs to highs and lows to lows.

Finally, I don't expect you to take my word for any of this, instead, go look at the daily charts for yourself, draw in the horizontal support and resistance levels and learn to spot the price action strategies that I teach.

Below I talk about a Forex Candlestick Reversal Bar, one of my favorite Trading Strategy I use when trading from horizontal support and resistance areas of the daily charts.

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.