Disclaimer.
Educational purposes only.
Prices basically go up and down. Depending on the logic of the people who buy or sell, the strength of the push between the two moves.
Support and resist lines may serve to guide in the direction where they go. And these have level of strengths.
As new traders we make lots of lines. But as we get better, we know to determine which ones are most likely to hold.
Here for example, the lighter ones are based on 1 w, 1d goes darker and 4h is red.
The price unless it really is pushed by the logic of the buyers and traders will bounce from the stronger ones, and even if it bounces from the weaker ones, it most likely will break.
Hope this helps you put manual support and resist zones.
Based on this, where do you suppose will break first?
Educational purposes only.
Prices basically go up and down. Depending on the logic of the people who buy or sell, the strength of the push between the two moves.
Support and resist lines may serve to guide in the direction where they go. And these have level of strengths.
As new traders we make lots of lines. But as we get better, we know to determine which ones are most likely to hold.
Here for example, the lighter ones are based on 1 w, 1d goes darker and 4h is red.
The price unless it really is pushed by the logic of the buyers and traders will bounce from the stronger ones, and even if it bounces from the weaker ones, it most likely will break.
Hope this helps you put manual support and resist zones.
Based on this, where do you suppose will break first?