✊ Support and Resistance: support and resistance trading, trade support,...

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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

A Support and Resistance trading strategy that lets you profit from losing traders
Mark your areas of Support & Resistance (SR)
Wait for a directional move into SR.
Wait for price rejection at SR.
Enter on the next candle with stop loss beyond the swing high/low.
Take profits at the swing high/low.

In stock market technical analysis, support and resistance is a concept that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels. These levels are denoted by multiple touches of price without a breakthrough of the level. A support or support level is a financial term that refers to the price level that historically a stock does not fall below. Buyers tend to purchase the stock at this level. Resistance (resistance level) is a price point on a bar chart for a security in which upward price movement is impeded by an overwhelming level of supply for the security that accumulates at a particular price level. Resistance levels are characteristically found at the upper levels of range bound markets.

Zone of support refers to a price zone reached when a security's price has fallen to a predicted low, known as a support level. A zone of support is typically identified from technical analysis charting. The zone of support is seen as a lower boundary which the stock has not broken through in previous trading sessions. In stock market technical analysis, support and resistance is a concept that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels. These levels are denoted by multiple touches of price without a breakthrough of the level.
✊ Support and Resistance: support and resistance trading, trade support,... ✊ Support and Resistance: support and resistance trading, trade support,... Reviewed by BO Turbo Trader on August 16, 2018 Rating: 5

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