Price Projection Techniques
by PRASHANT SHAH -
Price Projections “OPPORTUNITY NEVER TO BE LOST. BUY BUY BUY XXXX AND FORGET. NO NEED OF SL. JUST ENJOY THE TREND AND BECOME MILLIONAIRE. EARN DAILY WITH OUR EXPERTS RECOMMENDATIONS. CALL: XXX” Sounds familiar? You may have received this type of messages. Now a days when I open a video in Youtube, I am invariably ... Read more
Length of Lines
by PRASHANT SHAH -
A Line in the Line-break chart is drawn by combining two prices, the length of every line will depend on that. Large line shows strong trend and narrow line shows that price move was not significant. Length of lines can be a significant indicator. The changes in length of lines tells us about the market ... Read more
Introduction to Line-break chart
by PRASHANT SHAH -
Three-line break charts originated in Japan during the 19th century and it is said that this technique was used in rice trading. This is another old form of charting originating from Japan along with the likes of Renko, Kagi and Heikin-ashi charts. Line-break chart was introduced to the western world by Steve Nison in his ... Read more
Understanding Line-break charts
by PRASHANT SHAH -
So, Line-break chart move only when price trend or reverse by a certain criterion. It condenses the price action of price-time charts and displays only trending moves. Below is the example of a Three-line break chart. Blue coloured lines are bullish lines and Red lines are bearish lines. These charts are visually very appealing and ... Read more
