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Strategies & Market Trends : The Art of Investing
PICK 48.72-0.3%Dec 9 4:00 PM EST
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To: Sun Tzu who wrote (6296)2/3/2023 2:34:31 PM
From: Sun Tzu2 Recommendations

Recommended By
catou1
skier31

  Read Replies (2) of 10688
 
How to read my algo's lines:

Long straight stretches of the 3 lines are support and resistance levels. For example, there was a good straight line for silver at 19.5, so we should expect some support/bounce there.

Top and bottom lines - when straight - are the upper/lower resistance/support bands. When the price crosses above/below them, it is likely to move to the next support/resistance level.

When the midband (blue) moves very close the upper/lower band, there is a fair chance of a big move, often in the opposite direction to the trend.
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