| PDF Title | : | Moving Averages Simplified |
| Author | : | Clif Droke |
| Language | : | English |
| Publisher | : | Marketplace Books, Inc. |
| Format | : | |
| Total Page | : | 136 Pages |
| PDF Size | : | 5.16 MB |
| PDF Link | : | Read and Download |
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“In a trending market, especially one in which prices travel within the confines of a clearly defined channel, the support and resistance lines will tend to keep prices within the boundaries.
Thus, prices normally fluctuate within the channel, bouncing from support to resistance in an alternating “zig-zag” pattern. But support and resistance are more than just upward trending or downward trending channel lines.
Support and resistance may be encountered from a variety of chart patterns and other places of price congestion on the charts.”
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