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Trading Lesson of the Day
Volume Climax
Nirvana Systems - December 2, 2007


Trendlines

Determining Market Reversals and Continuations


Trendlines are perhaps the oldest tools known to chartists. Trendlines form across peaks and valleys called pivot points - relative highs and lows in a chart. As more points form along a line, it becomes more "established". This means that, when the line is broken, it will likely follow through with a strong move in the new direction.


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