Today's (2/6) Featured Iron-Clad Entry! (EURUSD)
❝天底チャート(令和版)❞
Today (2/6)’s featured ironclad entry!
(EURUSD)
★ Moving average support/resistance lines (three lines dashed) and
Indicator support/resistance lines (three lines dashed) are
entered almost simultaneously at breakout points!
Among the many moving averages, in an uptrend,
pullback support line (support) functions as a meaningful line of a certain width.
Also, in a downtrend,
retracement resistance line (resistance) functions effectively as a line of a certain width.
In other words, if an uptrend breaks below the support line, a downtrend begins, and
in a downtrend if it breaks above the resistance line without being bounced, an uptrend begins.
In short,the support/resistance lines become reversal lines.
This concept also applies to indicators.
In the Tenchi Chart (Reiwa Edition), not only moving averages but alsothe indicator curves are
displayed clearly as lines that function as support/resistance = reversal lines.
\ 【Tenchi Chart (Reiwa Edition)】’s Gogojan product page is here/
https://www.gogojungle.co.jp/tools/indicators/42380