Channels are trend lines drawn in parallel between two ranges – uptrend and downtrend. In other words, channels are trend lines drawn to form an angle thereby indicating potential places where assets can be bought and sold. The entire area defined by the channel represents areas of support and resistance. While drawing a channel, the […]

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A proven“protective armor” to all professional traders Many of you might have heard technical analysts talk about “support and resistance” in a way that makes the whole concept of trading as some kind of a complex molecule that seems difficult to interpret. And what makes things even worse is the endless free write-ups that are available on […]

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Let’s say “konnichiwa” to Candlesticks Before diving into the concept head-first, let’s take a moment and traverse back in time. How about to 17th century? Too archaic? Not really. What if we tell you that one of the many strategies that’s widely used by professional and seasoned traders today has basis to this period? In […]

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