I want to GOOD Support and Resistance Books
Indicators: Support and Resistance
newdigital, 2013.09.23 10:15
Support and Resistance Technical Indicator
Support and Resistance is one of the widely used
concepts in Forex trading. Most traders plot horizontal lines to show
support levels and resistance levels.
There is also an indicator used to plot Support levels automatically and indicate the resistance and support levels.
When it comes to these levels price can either bounce off these levels or break these levels.
If a resistance level is broken price will move higher and the resistance level will turn to a support.
If a support level is broken price will move lower and the support level will turn to a resistance.
Price where the majority of investors believe that prices will move higher, while resistance levels indicate the price at which a majority of investors feel prices will move lower.
Once price has broken through a support level or a resistance level then it is likely that the price will continue moving in that particular direction until it gets to the next support or resistance level.
The more often a support or resistance level is tested or is touched by the price and bounces, the more major that particular support level or resistance level becomes.
Technical Analysis of Resistance and Support Technical IndicatorThese levels are calculated a trend lines method.
Upward Trend
In an upward trend the resistance and support will generally head upwards
In a downward trend the resistance and support will generally head downwards
Something Interesting in Financial Video November 2013
newdigital, 2013.11.21 08:11
Video 8 - Forex support and resistance lines
Support and resistance lines are among the most common factors that you will come across when you trade. They both represent a price point at which the opposite forces cannot penetrate. Instead, price bounces back into the opposite direction as the support or resistance lines are far too strong.
Hello,
I want to Good PDF Books file link about Support and Resistance.... I have also some good knowledge of Support and Resistance but i need to learn more about Support and Resistance.
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Hello,
I want to Good PDF Books file link about Support and Resistance.... I have also some good knowledge of Support and Resistance but i need to learn more about Support and Resistance.
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Jubaer