Another less popular method of identifying the trend is through the use of the pivot point. A pivot point is a level that is considered to be of importance and is used by many technical traders. A pivot point is calculated as an average of the high, low, close from the previous timeframe of the [...]
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If indicators aren’t your style, the other most commonly used way of identifying a trend is through price action (price action trend identification). The use of price action is one of the oldest and considered by many the most reliable method of identifying trends in any market. During an uptrend, price will make higher highs [...]
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