Sentences with phrase «natural support and resistance levels»
The high and low of each price bar are natural support and resistance levels.
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Using the highs and lows to form moving averages is a sound concept as they are the natural support and resistance levels of each bar.
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Hence, they are natural choices for projecting support and resistance levels.
We can look for price action signals forming near levels of support and resistance that develop as a result of the natural ebb and flow of a trending market.