Must I Draw Support And Resistance At The Wick Or Body Of Candlestick?

[samewise]

@frandlost

I’ll snap a horizontal line at the highest adx points adjusting to what seems to hit the most candle areas… somewhat difficult to explain but you will see it as you move the line up and down at the adx spikes.

I do this using a different color for the weekly.

Do you have a screenshot of this?

[Jungletrader]

The random line test will invariably land on top/bottom of highs/lows which will give the impression of key swing points I’d like to see a trader who took trades off random levels with proper money management just to see !

[mercury-croc]

study and try using Pivot indicator. very helful in such cases!

[fyon26]

draw anywhere you want ,but make sure you know its not useful at all

[vladensky16]

Hi tommor,
Should the resistance or support must be drawn on the wick or on the close prise (body)?
Cause i’m a little mad with that.

[tommor]

I always look at the high and low of the upper and lower wicks - these are the high and low of the whole day.

[dushimes]

@Rock1978

Hello buddies, please should I draw support and resistance lines at the wick of candlestick or at the body? Where is the best to draw them?

Trick question! Don’t draw them at al!

Just kidding. Draw them at whichever is highest or lowest. That is unless you have a strategy that requires otherwise.

[AhmetB2]

Support and resistance is an area so the lowest wick that area is the area of value.