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
Related Terms
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A chart pattern is a graphical presentation of price movement by using a series of trend lines or curves. Chart patterns can be described as a natural phenomenon of fluctuations in the price of a...
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A resistance level is a price level where market participants are unwilling to continue buying which causes the price to stop rising.
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Technical analysis is the study of historical price action in order to identify patterns and determine probabilities of future movements in the market by studying price action and through the use...
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A support level is a price level at which an asset may find difficulty falling below as traders look to buy around that level.
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A breakout is when the price moves above a resistance level or moves below a support level. The price movement of a breakout can be described as a sudden, directional move in price that is...