Structure of the market - with - support/resistance lines
Updated
Om Namah Shivay
Trend lines are the non complicated way of finding out the market structure.
And from all type of trend lines, Horizontal lines are the simplest.
Result : Market has been respecting the Demands till now. The Trend is - Down trend continuing. And what to do next to continuously know the structure ? Next Action: We will watch our lines for the break to decide the intermediate trends happening in short term etc.
What is the meaning of "Om Namah Shivay" ? Ans : I (the 'soul') respect the Supreme Soul Shiva (Atma is respecting ParamAtma).
Om Namah Shivay
Trend lines are the non complicated way of finding out the market structure.
And from all type of trend lines, Horizontal lines are the simplest.
Result : Market has been respecting the Demands till now. The Trend is - Down trend continuing. And what to do next to continuously know the structure ? Next Action: We will watch our lines for the break to decide the intermediate trends happening in short term etc.
What is the meaning of "Om Namah Shivay" ? Ans : I (the 'soul') respect the Supreme Soul Shiva (Atma is respecting ParamAtma).
Om Namah Shivay
Note
The Demand and supply highlighter could be reversed as per the Accumulation/Distribution.Note
One example of use ismarket has crossed our E line making us to go long from E line.
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