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123 law

{}Posted in2023/2/24 14:20:02 | 4Browse

cashback forex ForexrebateforExness - judge the Forex rebate for Exness change of the law: 1. trend l forexrebatese cashbackforexexness broken 2. uptrend no longer new highs, or downtrend no longer new lows 3. in the uptrend, the forexcashrebate down through the previous short-term retracement of the low, or in the downtrend, the price up through the previous short-term rally high 123 law is equivalent to the Dow Theory definition of a trend shift, note the second point 123 law in an uptrend, when the price falls below the support line, can we judge that the uptrend has ended? The answer is not necessarily when the price falls below the support line, often does not mean that the price has topped this time, 123 law can help us determine whether the price has turned:  1, the trend line was broken 2, rising trend in the price failed to make a new high, falling trend in the price failed to make a new low 3, rising trend in the price fell back and fell below the previous low, falling trend in the price rebounded and rose above the previous high if the first two conditions hold, the trend may change; if all three are established, the trend has changed and is likely to move in the opposite direction the order of achievement of these three conditions can be different forex academy  www.waihuibang.com/fxschool/123EURGBP1, rising Trend in the price failed to form a new high, the trend line was broken, the price fell back to the former low below, we can confirm that the wave of uptrend has ended It is usually recommended to apply this law at least on the hourly chart to determine the trend, because the price volume on the minute chart is too small, not enough to form a valid trend To determine whether the trend is over also has very important significance for short-term trading, if 123 law tells you that the long-term trend is still continuing, you need to be alert to the short term trading trend in the short term retracement, try to avoid doing the opposite of the trend of trading, in order to avoid positions by the market deep hedge uptrend 123 law 1. uptrend line is broken 2. again rise without a new high 3. price down through the previous short-term retracement of the low point down trend 123 law 1. The trend line is broken 2. again up no longer new lows 3. price up through the previous short-term rally high
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