Sentences with phrase «parallel line support»
Not exact matches
By extending a parallel line from the trend line, we can form a trading channel that is useful for anticipating support and resistance areas.
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The June eurocurrency bottomed at 1.2163, a confluence of support where the down - sloping line parallel line intersected with the up - sloping reaction line.
So that, your chart, once plotted, gives you a series of parallel ascending / descending trend / support and resistance lines that tend to be respected or repeatedly tested, then broken by price action?
The lower parallel line is a line of support and the... read more
An equidistant channel is formed by two parallel trend lines — one acts as support while the other acts as resistance
The equidistant channel is formed when price action finds support and resistance between two parallel trend lines.
After touched the ascending median line on April 12th, Gold began a corrective pull back into the April 19th reversal date and posted a low at $ 1124.50, where Gold found support from the up - sloping lower parallel line and the 20 - day SMA.
Actively supported and resolved queries related to issued tickets by corresponding with the clients and airline representatives and in parallel supported the call enquiries, walk - in clients, handling multiple phone lines and directing phone calls in professional manner