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Jubaer
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Jubaer 2013.12.10 10:26 

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.

 

Regards

Jubaer 

Sergey Golubev
Moderator
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Sergey Golubev 2013.12.10 10:38  
go to amazon and buy legally
Sergey Golubev
Moderator
55383
Sergey Golubev 2013.12.10 10:46  

Forum

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 Indicator
 

These levels are calculated a trend lines method.

Upward Trend


In an upward trend the resistance and support  will generally head upwards



Downward Trend

In a downward trend the resistance and support  will generally head downwards



Sergey Golubev
Moderator
55383
Sergey Golubev 2013.12.10 10:47  

Forum

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.





Simon Gniadkowski
Moderator
17998
Simon Gniadkowski 2013.12.10 11:02  
Jubaer:

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.

What does your good knowledge tell you ?
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