Wayne_gft3
New Member
IDENTIFYING SUPPORT & RESISTANCE
What do we see from the image above to determine Support & Resistance?
If the Support or Resistance area is always tested, and the price is not successfully penetrated (break), then the stronger the area, it can be said to be a major Support/ Resistance area.
Price is currently in the area between major Support/ Resistance. There must be an area that will also be a point back which can be said as a minor Support/minor Resistance area.
If the Resistance area is successfully penetrated (break), then the area has the potential to become a Support area. Vice versa.
What do we see from the image above to determine Support & Resistance?
If the Support or Resistance area is always tested, and the price is not successfully penetrated (break), then the stronger the area, it can be said to be a major Support/ Resistance area.
Price is currently in the area between major Support/ Resistance. There must be an area that will also be a point back which can be said as a minor Support/minor Resistance area.
If the Resistance area is successfully penetrated (break), then the area has the potential to become a Support area. Vice versa.
