3. Trend
c. explain uses of trend, support, resistance lines, and change in polarity;
What is the change in polarity principle? The change in polarity principle says that a prior resistance level, once broken, should become a new support level.
Source:
CFA
Graph:
- 115.100.06 Portfolio Management - Reading 56 - Technical Analysis to 115.100.06.03 Portfolio Management - Reading 56 - 3. Trend