True Support and Resistance

True Support and Resistance True Support and Resistance True Support and Resistance

True Support and Resistance .pdf - Content

Support and resistance lines are one of the basic tenants of technical analysis. The method normally used for establishing support and resistance is by finding high and low price levels that the market has failed to exceed previously.

However, this technique has certain failings. One of the more common has to do with the occurrence of what is called "false breakouts". Quite often the market will just exceed the resistance or support lines and return, fooling a large percentage of traders along the way. Obviously, such lines are important, but they normally are not the true support and resistance lines. This statement may seem strange, considering how pervasive the thought that these lines are all important indicators of market direction. But these lines as static and the markets are anything but static.

Free Download "True Support and Resistance" .pdf

Author: - | Language: | Pages: 12 | Format: .pdf | File: Dir1 |

True Support and Resistance.pdf 1.987 kb

About the Author

Prof FX - Learn, Profit and Earn in Forex Market. Free forex education, brokers info, indicators, ebooks, review. Helps forex traders to get latest information about forex....

Post a Comment

Cookie Consent
We serve cookies on this site to analyze traffic, remember your preferences, and optimize your experience.
It seems there is something wrong with your internet connection. Please connect to the internet and start browsing again.
AdBlock Detected!
We have detected that you are using adblocking plugin in your browser.
The revenue we earn by the advertisements is used to manage this website, we request you to whitelist our website in your adblocking plugin.
Site is Blocked
Sorry! This site is not available in your country.