Question
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How to understand the accurate spot to enter a trade?
1 Answer
<p id="isPasted">Three data points needed – Only when we have three or more points of contact is a trend considered valid.</p><p>Direction – Trends can move in three directions—up, down, and sideways. If you study prices over a long period of time, you will be able to see all three types of trends on the same chart.</p><p>Watch the slope – The slope of a trend indicates how much the price should move each day. Steep lines, moving either upward or downward, indicate a certain trend. However, if the line is too flat, it calls into question both the validity of …</p>