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Basing is a chart pattern used in technical analysis that shows when demand and supply of a product are almost equal.
It results in a narrow trading range and the merging of support and resistance levels.
Basing
Categories
Price Action
Related Terms
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A chart pattern is a graphical presentation of price movement by using a series of trend lines or...
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Technical analysis is the study of historical price action in order to identify patterns and determine...
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Fibonacci retracement (or Fib retracement) is a tool used by technical analysts to identify key support and...
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A technical indicator is a mathematical calculation that can be applied to price and volume data. It can be...
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A breakout is when the price moves above a resistance level or moves below a support level. The price...
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