Binomo platform offers numerous technical analysis instruments for its users. It is good to know what they are so you can choose those that work well for you. Today I am going to present a very simple, yet efficient tool known as a horizontal line. Using a horizontal line tool on the Binomo platform A … Read more
What does ‘rebound line strategy’ mean? Rebound line strategy is a term in investing that refers to the technique of capturing the moment where the price is no longer able to break the support and resistance levels. Support level refers to the area where the price is no longer falling, while resistance level indicates the … Read more
Traders often look for repeatable patterns on the price charts. Such formations help greatly in technical analysis as they say a lot about possible price behaviour. Some patterns are more commonly used than others. Have you heard about the stair steps pattern? It will be the topic of today’s article. What is the stair steps … Read more
The situation in the market changes constantly. It is important to be able to distinguish a trending market from a ranging one. It may generate certain difficulties in the beginning. I wish to guide you through this task in today’s article. Recognising the trend in the market The trend can develop in both directions, that … Read more
Traders who generally base their trading decisions on technical analysis understand the value of support and resistance levels. It is through these levels that opportunities in a chart become visible. Furthermore, support and resistance levels present the possible levels where price levels are expected to bounce or reverse. So how can you master the use … Read more