✊ Support and Resistance: support and resistance trading, how to identif...

 





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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)

Support and resistance. 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. The concept of support and resistance forms the basis of Forex technical analysis. Forex traders look to buy at or near areas of significant levels of potential support in an uptrend. Forex traders look to sell at or near areas of significant levels of potential resistance in a downtrend.

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.to draw a trend line in an uptrend, two lows must be connected by a straight line. To draw a trend line in a downtrend line, two highs must be connected by a straight line. A trend line should be connected by at least three highs or lows to make it valid. A pivot point is a technical analysis indicator used to determine the overall trend of the market during different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.

A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Breakouts occur in all types of market environments. When the Bollinger Bands converge on the moving average, indicating lower price volatility, it is known as "the Squeeze." This is one of the most reliable signals given by Bollinger Bands, and it works well with forex trading.

Developed by J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Pivot points are a classical intervention technique in the Stock Market. ... Pivot points (PP), Resistance (R1 R2 R3) or Support (S1 S2 S3) are impressive because of the clear indications they can give the trader.

A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period. A pivot point and the associated support and resistance levels are often turning points for the direction of price movement in a market. MACD is an acronym for Moving Average Convergence Divergence. This tool is used to identify moving averages that are indicating a new trend, whether it's bullish or bearish. After all, our top priority in trading is being able to find a trend, because that is where the most money is made.