will continue to monitor how prices behave above $1485.
see this support as being the neckline of a major head-and-shoulder formation which on a break could signal further losses.
While fundamental investors may be pointing to Snap's new $100 million deal with Time Warner Inc (NYSE:TWX) as the reason Snap has found support, technical traders
see the $17 level as a line in the sand.
Applied to a financial market setting, one may therefore observe periods in which either destabilizing technical traders
or stabilizing fundamental traders drive the market dynamics.
Some momentum and technical traders
took advantage of this and crashed it below $1,100 in Asia.
This added to the already fragile sentiment with technical traders
setting their eyes on the next technical target of $1,150.
only consider the historical movement of prices when opening a position in the market.
Now in its tenth edition, this classic on technical analysis of stock trends for serious investors, technical traders
, and other finance professionals has been in publication for 65 years.
The article was first published by (http://www.thetechnicaltraders.com/) Technical Traders
use trading information along with mathematical indicators to make their trading decisions.
After many years of trading in all kinds of commodities, the technical traders
have developed a sophisticated set of mathematical models and statistics based on the pricing and trading volume of the product.