Description

Unfair prices exist when a trend comes to an end and profit taking begins. The opposite is true in a downtrend. Knowing where those levels are in various time frames can offer excellent areas of trade location. Having that information can help significantly in tactical entries, profit projections and stop management. There saying, “the trend is your friend” is certainly true. However, understanding where the market has determined price to be too high or low, offers a significant edge in trade management.