3 important technical concepts to note in this DJ30 chart
- Confluence – when many reasons come together at the same spot
- Price action – the more times a resistance has been visited, the stronger it is
- 23.6% fib-retracement – a level associated with strong trends and excitement
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
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