Technical_Analysis_page_265

Technical | Analysis page 265 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

236 Part Ill. Trend Analysis Tf a horizontal line is by itself with no other horizontal lines close to it, it is likely an inde- pendent support or resistance level. Such levels, unless accompanied by extraordinary volume, usually do not have the same strength in the future that a combination of…