Consequently when a trend line of long duration, which has been successfully tested many times, has been violated then an important reversal of trend has likely occurred.
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Currencies are traded in pairs and are each assigned a symbol.
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As you continue tossing the coin you decide to keep a record of how many times heads or tails comes up.
In addition to the three types of trends, Dow then went on to further qualify the trend by saying that the trend has three phases.