TECHNICAL ANALYSIS | September 10, 2020
The Upper Right Of The Chart Is Not Resistance
One mistake that some people make is to look at a chart in a defined trend and think because it has reached the top of the chart (in an uptrend), price has to decline. The upper right of the chart is not resistance. It is simply a line generated by the computer and will adjust according to what price does.
by Stella Osoba, CMT
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