When a TREND is going on, you can easily figure out if its is going to FAST, SLOW or within a NORMAL sustainable trend line angle. If trend line is going to FAST/STEEP then supports and resistance area's will not assist you in knowing when a sudden retacement will occur in PRICE ACTION , back to a more NORMAL & sustainable price action SPEED of buying/selling. Angle of the current trends TELLS you how strong either BEARS or BULLS have control over any pair.
On EUR/USD 1 DAY chart-- trying to show what I'm saying in this POST. Lower then 30 degree TREND will produce big move for BULLS. Higher then 45 degree TREND will produce sudden moves for BEARS. Reason for correlation is that TRENDS have a normal angle level or MIDDLE (30-45 degrees) which they gravitate too, green area on chart.
* I picked this EUR/USD 1 DAY chart because the low of 1.05168 up to high of 1.16163 when trend angle line was placed by connecting these TWO points--- a perfect 45 degree trend angle was seen. That is why after one fast/steep fast initial TREND into RED area price action came back into GREEN area where it stayed until current breakdown of trend into YELLOW area, which is going on now. Another brick of knowledge for you to building trading house with.
On EUR/USD 1 DAY chart-- trying to show what I'm saying in this POST. Lower then 30 degree TREND will produce big move for BULLS. Higher then 45 degree TREND will produce sudden moves for BEARS. Reason for correlation is that TRENDS have a normal angle level or MIDDLE (30-45 degrees) which they gravitate too, green area on chart.
* I picked this EUR/USD 1 DAY chart because the low of 1.05168 up to high of 1.16163 when trend angle line was placed by connecting these TWO points--- a perfect 45 degree trend angle was seen. That is why after one fast/steep fast initial TREND into RED area price action came back into GREEN area where it stayed until current breakdown of trend into YELLOW area, which is going on now. Another brick of knowledge for you to building trading house with.