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

 





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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.
trading system


Role Reversal. A trendline doesn't cease to be an important area of support or resistance when it's broken; rather, it's role is simply reversed. For example, the video shows a situation where a resistance level becomes a support level before returning to a resistance level after a series of breakouts. 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.

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.

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 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.

A pivot point is a technical analysis indicator used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. In financial markets, a pivot point is a price level that is used by traders as a possible indicator of market movement. 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 false breakout is when price temporarily moves above or below a key support or resistance level, but then later retreats back to the same side as it started. This is the worst case scenario for a breakout trader that enters in a trade as soon as price breaks.