SNR Support Resistance

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Understanding Support & Resistance

Support and Resistance are critical levels used by market participants in making decisions. This level is used to determine whether the price will continue or reverse direction. If this Support and Resistance is combined with candlestick forms, it is believed that it will be able to determine the next movement. 

Economic support can be interpreted as a level where supply begins to decrease and demand increases so that if that happens, prices will rise at that level.

In principle, if the market price breaks the support level, then the market price is expected to continue decreasing to the next support level.

However, if the market price is unable to break through this level, the market price will reverse. A broken support level can become a resistance level and hold the market price up.

Economic resistance can be interpreted as a level where supply is too much and demand has begun to decrease so that market prices will fall at that level.

If the market price manages to rise and penetrate the resistance level, it is estimated that market prices will continue to rise to the next resistance level. The resistance level that has been broken will become a support and can hold the market to go down past that level.

To be able to recognize support and resistance, you inevitably have to learn to observe forex charts.

Slow down, no need to rush.You can do it.


Determine Support and Resistance

After understanding the meaning of support and resistance, now is the time for you to determine that support and resistance. Did you know that there are many ways to determine support and resistance?

Let's discuss them one by one.

Highest Point (Top) or Lowest Point (Bottom)


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Precautions for subscribing to indicator This indicator only supports the computer version of MT4 Does not support MT5, mobile phones, tablets The indicator only shows the day's entry arrow The previous history arrow will not be displayed (Live broadcast is for demonstration) The indicator is a trading aid Is not a EA automatic trading No copy trading function The indicator only indicates the entry position No exit (target profit)  The entry stop loss point is set at 30-50 PIPS Or the front hi
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Questo indicatore funziona con la teoria delle onde di Elliott in due modi: Modalità automatica: In questa modalità, l'indicatore rileverà automaticamente le cinque onde motrici sul grafico in conformità alla teoria delle onde di Elliott. Fornirà previsioni e individuerà potenziali zone di inversione. Inoltre, avrà la capacità di generare avvisi e messaggi push per informare i trader sugli sviluppi importanti. Questa funzionalità automatica semplifica il processo di identificazione e analisi dei
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