NASDAQ Crosses Important Trend Line
Market Club's latest educational video, NASDAQ Crosses Important Trend Line, goes over a couple of key price levels the market has recently reached.
They go over specific price levels that have been reached, and broken such as Fibonacci Retracement levels on the way up since March 2009, as well as Fibonacci levels to be on the lookout for if a trend reversal is in fact upon us.
One of the key points in the video is made using a simple, but valuable, tool traders have at their disposal - a trend line.
Since the video is made using Market Club's charting program, you'll be able to see how to use some of the functions available as well as the recent accuracy of their Trade Triangle technology in action.
One of the most powerful technical tools that a trader possesses is a pencil and a ruler. It sounds kind of old-school, but the reality is trend lines in technical analysis are enormously important.
In my new video I will show you how the NASDAQ index has broken a very important trend line and what the ramifications are for this index.
We can all learn from the simplicity of this approach and how effective it is in the long run.
As always our videos are free to watch and there are no registration requirements.
Watch the video for NASDAQ Crosses Important Trend Line here:.
Enjoy the video and please feel free to comment on blog about this simple yet effective way of trading.
All the best,
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