Today's (3/26) ironclad entry point! (BTCUSD)
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Indicator for Metatrader (MT4)
Today's solid entry point (3/26)!
(BTCUSD)
★Enter on a break above/below the turning line (click image to enlarge)
Among the many moving averages, in an uptrend,
there exists a line of a certain width that serves effectively assupport lineduring pullbacksin an uptrend of a certain width.
Similarly, in a downtrend,
there exists a line of a certain width that functions effectively asresistance line during retracementsof a certain width.
In other words, if in an uptrend the price breaks below the support line, a downtrend begins, and
if in a downtrend the price breaks above the resistance line without bouncing, an uptrend begins.
In summary,the support and resistance lines become turning lineswhich is the meaning.
This concept also applies to indicators.
In the Tenjo Chart (Reiwa version),not only moving averages, but
【Even with just moving averages, this is amazing!!】