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…