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Observe: 0.041895, 0.045950
Two prices that indicate structure, we can now quickly identify that both prices have been important in a direction, volume and liquidity change, thus giving us key identifiers we can label for reference when we analyze a chart.
You can use the "Horizontal Line" tool to analysis almost any security across multiple time frames, it's use is widely forgotten and you can't simplify a chart any less...
Horizontal Line Tool:
- Mark out important prices
- Help show a position, entry, stop
- Plot important alerts
- Simplify Analysis
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