Support and Resistance levels

[perfcetdollar12]

Support and resistance are proven areas where buyers and sellers find
some of equilibrium, they are major turning points in the market.
Support and resistance levels are formed when price reverses and
change direction, and price will often respect these support and
resistance levels, in other words, they tend to contain price movement
until of course price breaks through them.
In trending markets, support and resistance are formed from swing
points. in an uptrend the previous swing point acts as a support level,
and in a downtrend the old swing point acts as a resistance level

 

[ltmakunyane]

Support and resistance are proven areas where buyers and sellers find
some of equilibrium, they are major turning points in the market.
Support and resistance levels are formed when price reverses and
change direction, and price will often respect these support and
resistance levels, in other words, they tend to contain price movement
until of course price breaks through them.
In trending markets, support and resistance are formed from swing
points. in an uptrend the previous swing point acts as a support level,
and in a downtrend the old swing point acts as a resistance level

Do you have a support and resistance indicator?

 

[Xadreri]

Thank you for sharing. I will have to do some practice. Hope i can master it.

 

[swifty211]

nice info i remember i use to trade strictly off of support and resistance

 

[cyberstar]

Add Trendline break and Reversal Candlesticks to this info . Do multi time frame analysis Top to Bottom and you can trade effectively using price action. No need for indicators or probably use just one to your confluences. This isall i do and i get good results trading.