Therefore, even though price fluctuations tend to resemble a study in Brownian motion without easily discernible symmetry and order, price is commonly represented by linear regression, support and resistance lines, channels, and other straight-line constructs. These are useful in suggesting future price action for limited periods only, typically because most moves represented as straight lines are actually components of longer, nonlinear cyclical moves. 5 year subscription to Working Money. Free book selection. Limited time offer.
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