 • A sideways market requires two extreme points — in this instance A and B. • To confirm a sideways market there must be a retest of one of these extreme points (in this instance the retest is of the low point C). 9. How many highs does an up trend require?  • An up trend requires a minimum of four points. • It needs a higher low (from 0 to 2) and a higher high (from 1 to 3). 10. What trend indicators do you know? Tools that can be used to indicate a trend include: Trend lines, Moving Averages 11. What trend characteristics are identified by price patterns? Patterns are used to identify the following characteristics about trends: 1. Trend Identification 2. Trend Reversals 3. Trend Continuation Trend lines are used to determine what type of trend is in force. General theory is, once a trend line is penetrated, it is a signal for consolidating market — in other words it is time for a sideways movement and not an immediate buy or sell signal as often thought. Ex. 3. Put questions to the underlined words. Ex. 4. Read and translate the text. Содержание Назад Вперед |
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