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Tirone
Levels
Description
Tirone Levels are
a series of horizontal lines that identify support
and resistance levels.
They were developed by John Tirone.
Interpretation
Tirone Levels can
be drawn using either the Midpoint 1/3-2/3 method
or the Mean method.
Both methods are intended to help you
identify potential support and resistance levels
based on the range of prices over a given time
period. The
interpretation of Tirone Levels is similar to Quadrant
Lines. |
