How to better track the market trend？
In the previous article, we introduced the composition of a candlestick, while what was revealed by the candlestick is not even close to being enough for market trading. ![]()
Hence, what can we do when tracing the trend? Let's find the answer together.![]()
Trend tells the overall direction where the market moves. We have different kinds of trends, like upward trends, downward trends, and sideways.
To understand the trend, we should go through the support and resistance levels first. Support and resistance levels in trading are important indicators, which help traders gain extra insight into the strength of a price trend.
A more detailed interpretation is shown in the picture below:
As “buy low, sell high” is applied to most trading activities, it is important to identify a trend and trade with it rather than go against it.
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SpyderCall : very good stuff. support and resistance levels are the number 1 thing you need to learn for technical trading
Invest With CiciOP SpyderCall: Thanks for your comment
Cici found that you are an experienced technical analyst, and I will continue to introduce technical analysis in depth in the future. Hope to get your continuous attention！