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With three successive peaks and clear characteristics, this pattern can accurately predict trend reversals and price targets. It can be used in both a bullish or bearish situation.
Whether it be up, down, or sideways, trend lines help you determine the strength of that trend and where possible reversal points are.
Support and resistance are probably the easiest and most used form of technical analysis. If used correctly, traders can predict potential price movements of a particular stock or sector.
In order to get the most out of this site and eventually increase your returns, Speak Stocks should be used as a text book or resource. Use the ideas and concepts we share on this site, and repeatedly practice them on real world applications. Speak Stocks aides those of all different types of trading level. [...]