Technical analysis, or TA, consists of looking at graphic information on charts. Price patterns, trends, momentum, lines and indicators are used to identify trading opportunities. Historical prices gets analysed to find out the probable future path of price. And by looking at the past we increase the probability of achieving future success.
Scaling is important for drawing correct trendlines, support and resistance on charts. Which is why we need to understand it.
Chart scaling
Technical analysis / By Valuetrends / December 27, 2019
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Scaling is important for drawing correct trendlines, support and resistance on a chart. Which is why we need to understand it. Because otherwise we won’t know what we are doing, and that is why I will focus on it in this post.
A simple 200 day moving average can be great for spotting big trends in stocks. Yet many people don’t use it and consider it to be a newbie-tool. But what makes the 200-day average so great is precisely that. Its simplicity
