Malaysia
2025-04-28 11:42
IndustryThe reliability of a trend line increases with the
#CurrencyPairPrediction
The reliability of a trend line increases with the number of times the price touches and respects it. Each touch validates the trend line as a significant area of buying or selling interest. A trend line with only two touches can be considered a potential trend line, but it lacks strong confirmation. The third touch is often seen as the minimum requirement for a trend line to be considered valid. Subsequent touches further reinforce its significance, suggesting that the established trend has a degree of persistence and that market participants are consistently reacting to those price levels. However, it's also important to remember that even trend lines with multiple touches will eventually be broken. The more validated a trend line, the more significant a breakout from it can be.
Like 0
Nik7111
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index
The reliability of a trend line increases with the
#CurrencyPairPrediction
The reliability of a trend line increases with the number of times the price touches and respects it. Each touch validates the trend line as a significant area of buying or selling interest. A trend line with only two touches can be considered a potential trend line, but it lacks strong confirmation. The third touch is often seen as the minimum requirement for a trend line to be considered valid. Subsequent touches further reinforce its significance, suggesting that the established trend has a degree of persistence and that market participants are consistently reacting to those price levels. However, it's also important to remember that even trend lines with multiple touches will eventually be broken. The more validated a trend line, the more significant a breakout from it can be.
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.