🌳very important terminologies in Trading🌳

8 Feb 2022

Hello every one


🟡(1) Price action
The Movement of an asset or Security's price over Time , Plotted on The chart

🟡(2) All-Time High (ATH)
The Highest asset has Ever been in Price

🟢(3) Support
a Point in the market where the Price is less likely to drop below due to previous demand or price action

🟡(3) Resistance
a Point in the market where the Price is less likely to break above due to previous demand or price action

🔵(4) Trend line
a line indicating the General Price Direction of a chart

🟡(5) break out
when the Price of the asset break through a pre-determined Trendline

⚪(6) Formation
when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions.

🟢(7) pump or bullish
The price of an asset is going up

🟡(7) Dump or bearish
The price of an asset is going Down

🔵(8) Long Position
a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value

🟡(8) short Position
The opposite of a long Position. Entering a Trade position betting the asset to go down in value.