Don't miss the ultimate entry point for the Nikkei 225! (6/9)
FX, Binary Options, and Nikkei 225 Compatible!
A superb indicator for MetaTrader (MT4) is here! Indicator
Don’t miss today’s (6/9) winning entry points!
(Japan225)
★Win-entry by breaking above/below the indicator’s turning line!
(Click the image to enlarge)
In an uptrend, a moving average of a fixed width acts effectively as a support line in pullbacks.
Similarly, in a downtrend, a moving average of a fixed width acts effectively as a resistance line in rallies.
In short, in an uptrend, a break of the support line triggers a decline, and in a downtrend, surpassing the resistance line triggers a rise.
In other words,the support line and resistance line = turning lineplay a crucial role.
This concept also applies to indicators.
In the Tenchi Chart (Reiwa Edition), not only moving averages but also the indicator’s curved bands clearly display lines that function as support/resistance lines = turning lines.
【Tenchi Chart (Reiwa Edition)】
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