The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The strains show that the highs and the lows are either rising or falling at differing charges, giving the appearance of a wedge as the lines method a convergence. Wedge [&he...

When the %K line or %D line reaches an excessive stage, similar to above eighty or beneath 20, and coincides with a significant assist or resistance level, it strengthens the sign. This convergence of multiple indicators enhances the chance of a successful trade and assists merchants in making more ...