Traders and technical analysts implement a technical tool, called Elder Ray Index, which is used to measure the amount of buying and selling pressure of the stock in the market. One of the famous technical analysts, Alexander Elder introduced this technical indicator. This technical indicator is further divided into two segments, which are bull power and bear power. Bull power and bear power are themselves an indicator, which permits the traders to predict the position of the price related to exponential moving average
Technical analysts use this technical indicator to find the Intraday Trading Tips, so that they can offer these tips to their clients. Money Classic Research is rated as one of the best advisory firms.
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