Horizontal Line on Stock Charts
Contents1 What is a horizontal line?2 Support and Resistance Levels3 Support and resistance levels in forex4 Support and resistance levels for binary options5 Support and resistance lines on cryptocurrency exchanges What is a horizontal line? The horizontal line (Fig. 1) on charts of trading any assets is used for visual ordering of data on price fluctuations. Lines serve to give the trader a more accurate picture of the processes occurring in the market...
Graphic Tools on Charts
There are a huge number of different analytical tools on the price charts that allow for effective trading. Most of them are quite simple at their core. Contents1 Price scale2 Horizontal line3 Trend line4 Section5 Ray6 Support and Resistance Levels7 Andrews’ pitchfork8 Fibonacci Levels9 Fibonacci Fan10 Moving average11 Conclusions Price scale The price chart is built in a rectangular two-coordinate system...
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