Throwback to a Simple Envelopes Indicator
Detecting Reactions Using K's Envelopes
Riding the trend entails using a robust and a stable zone from where you believe that the market will find support (in case of a bullish trend) or resistance (in case of a bearish trend). This article presents an old indicator of mine I used to find dynamic support and resistance lines. It will be simpler than you’d expect.
Moving Averages
The idea is sim…
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