Basically support and resistance are key areas or zone in the chart wherein price will likely to reverse. You can find them in all time frames but the most significant once are those from the daily, weekly, and monthly,
Here are some examples:
Thursday, February 9, 2017
Support and Resistance Basics
Here is a very nice video about support and resistance which I have found in the web. Most of the concepts I wanted to share with you are already there.
Basically support and resistance are key areas or zone in the chart wherein price will likely to reverse. You can find them in all time frames but the most significant once are those from the daily, weekly, and monthly,
Here are some examples:
Basically support and resistance are key areas or zone in the chart wherein price will likely to reverse. You can find them in all time frames but the most significant once are those from the daily, weekly, and monthly,
Here are some examples:
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