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Structure drawingHello, Structure drawing is a crucial skill for wave traders as it helps them to identify potential price movements and trade opportunities. Technical analysis relies heavily on charting patterns, and understanding the different structures is vital to making informed trading decisions. Ascending and descending channels are two commonly used structures in technical analysis. Ascending channels depict an upward trend with higher highs and higher lows, while descending channels indicate a downward trend with lower highs and lower lows. By identifying these structures, traders can determine the strength of a trend, potential support and resistance levels, and make profitable trades accordingly. Herein is an example of the the descending channel. Mastering the skill of structure drawing is crucial for wave traders to succeed in the financial markets. Best regards, Thesharkke
NSEKE:IMHEducation
by thesharkke
Safaricom shares prices dropping close to a demand levelSafaricom share price is at a significant level? Currently Safcom share see real time value www.safaricom.co.ke Is this valuation ideal and thus a good average for Safaricom or Do you think the current valuation for safaricom is premium price (overpriced). The third option, current safaricom price is at discount levels (Under valued?).. Bear this in mind when deciding. Safaricom is extending it's services to the Democratic Republic of Congo (DRC). A country considered the world's richest country in terms of wealth in natural resources. In DRC most of the raw mineral deposits remain untapped and are worth an estimated $24 trillion. Safaricom is the most dominant communication and financial company in East and Central AFRICA. Safaricom-MPESA, is so popular the government of Kenya owns 35% of Safaricom, which converted into a public company in the year 2002. Also note about 5 years ago, Southern African telecoms giant Vodacom Group bought 35% stake in Kenyan operator Safaricom. By the way I analyse my charts analysing Stocks, Forex indices and cryptocurrency (candlesticks) using trading view, free app to use globally www.tradingview.com Some questions to help the young ones start considering and investing time and consider becoming investors and not just end users. Few questions and if any of the questions here is yes, please make sure you speak to a person who has ever bought safaricom shares. Quiz 1 Would you like to own safaricom shares? Quiz 2 Who uses safaricom products? Quiz 3 Who has ever bought safaricom shares? what price did you buy Quiz 4 Does anyone here own any safaricom shares?
NSEKE:SCOM
by wicked925
Using different tools to make your analysis easierHello, Tradingview gives you tools you will never find in any platform. The tools are very key in making you a better trader. Below are my favourite tools 1:arrow: This tool is very key because t helps me set and indicate my targets clearly 2:Trendline: This is the yellow line on my chart that helps me identify the charts and make them clear for everyone 3: date & price range tool: This tool is very key to my analysis because it shows me the increase/decrease in percentage terms while it also shows me how many days/hrs it took for that move to happen. Good luck in your journey!
NSEKE:SCOMEducation
by thesharkke