VWAP
Having learned a bit, I think the operating principle of this technical indicator is similar to what I learned beforeFind support and resistance levelsHowever, currently this one is only suitable for intraday trading. This technical indicator is very helpful for short-term trading. It seems very simple; we don't need to draw a line ourselves; the system automatically generates a line, and we only need to use this line to confirm support and pressure levels.![]()
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Examples: $Amazon(AMZN.US$
1. The red grid on the chart below indicates that when the stock price falls and then pulls back below the support line, the stock price will continue to fall.
2. The green grid in the chart below shows that when the stock price rises, it pulls back above the support line and then rebounds. On the surface, the stock price will continue to rise.
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