How to tell if price is holding?

[ForexNewbie1]

How do you tell if price is holding on a support or resistence? is there an indicator you can use?

[Steve Lee]

How do you tell if price is holding on a support or resistence? is there an indicator you can use?

I have found the 1 HR Candle and 4 HR Candle to be very useful in determining whether or not a level is holding. As long as the candle stays closed above the level, it is holding Long, or under the level Short.

[Mr Gone]

Experience, meere experience.

[Steve Lee]

Experience, meere experience.

Oh yes and that too! ForexNewbie you might also want to consider Bollinger Bands. When I was starting out, this really helped me to pay attention to volatility when looking at whether or not levels were holding.

[JJ6845616]

How do you tell if price is holding on a support or resistence? is there an indicator you can use?

Just mark the important S/R on your chart daily and watch for any candlestick to be closed above resistance or below the support level...I use volume analysis to check if it's really broken or not?Normally the break of a specified level requires a high volume.If the volume is low it mean that majority of the traders are not interested in that move and that level might be retested soon but a higher volume shows the market's interest towards that level and then then price normally follows that direction.

[grudovz]

That is THE question. I am afraid a single answer will not be given. It is up to you to discover some sort of high % set-ups on these levels. There is no way to reliably tell every time if the level will hold.

I myself an currently searching for more ways to confirm these levels and learning as I go forward, hmm

[MeiHua]

Use the tools you are most comfortable with. Some people judge it different ways. It could be a break of the a trading range, could be a certain % or ATR move. could be change in HHs HLs to LHs LLs. could be volume and price. it could be a million things. just use the tools you are most comfortable with and decide for yourself what is the best way to measure it.

[ForexNewbie1]

Thanks for the comments