Support & Resistance :
- When the two prices meet, consolidation between support and resistance.
- Called support and resistance reversal happens.
- A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed.
- If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support.
- So you got the idea, trading is magic.
- Always keep in mind all scenarios.
- Sometimes just watch and don't gamble!
Happy Tr4Ding !
- When the two prices meet, consolidation between support and resistance.
- Called support and resistance reversal happens.
- A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed.
- If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support.
- So you got the idea, trading is magic.
- Always keep in mind all scenarios.
- Sometimes just watch and don't gamble!
Happy Tr4Ding !
Note
simple scheme :Note
Adding a far view to make everything more understandable :Trade closed: target reached
Done
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.