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Identifying support and resistance levels. Support and resistance levels can be identified by trend lines (technical analysis). Some traders believe in using pivot point calculations. The more often a support/resistance level is "tested" (touched and bounced off by price), the more significance is given to that specific level. If a price breaks ...
Trend lines are a simple and widely used technical analysis approach to judging entry and exit investment timing. To establish a trend line historical data, typically presented in the format of a chart such as the above price chart, is required. Historically, trend lines have been drawn by hand on paper charts, but it is now more common to use ...
Supporting line. Animation of parallel supporting lines around a Reuleaux triangle. In geometry, a supporting line L of a curve C in the plane is a line that contains a point of C, but does not separate any two points of C. [1] In other words, C lies completely in one of the two closed half-planes defined by L and has at least one point on L .
Fibonacci retracement. In finance, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. [1] It is named after the Fibonacci sequence of numbers, [1] whose ratios provide price levels to which markets tend to retrace a portion of a move, before a trend continues in the original direction.
Overhead lines or overhead wires are used to transmit electrical energy to trams, trolleybuses or trains. Overhead line is designed on the principle of one or more overhead wires situated over rail tracks. Feeder stations at regular intervals along the overhead line supply power from the high-voltage grid.
The support and resistance levels calculated from the pivot point and the previous market width may be used as exit points of trades, but are rarely used as entry signals. For example, if the market is up-trending and breaks through the pivot point, the first resistance level is often a good target to close a position, as the probability of ...
Relative strength index. The relative strength index ( RSI) is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength .
Müller-Breslau's principle. The Müller-Breslau principle is a method to determine influence lines. The principle states that the influence lines of an action ( force or moment) assumes the scaled form of the deflection displacement. OR, This principle states that "ordinate of ILD for a reactive force is given by ordinate of elastic curve if a ...