Technical_Analysis_page_501

Technical | Analysis page 501 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

472 Part VI Other Technical Methods and Rules Third, the FLD can act as support or resistance. Notice in Figure 19.17 during the decline from April to July how many times the price touched the FLD and then reversed. This gives an example of how prices can come close to the FLD, after a cycle low or…