I am hitting the School hard and learning everything i lay my eyes on. I already read the section about Support and Resistance but then i wasn’t able to grasp on how to determine if the support or resistance is broken. I would appreciate the help on giving more insights regarding on that matter guys.
Thanks in advance…
I am hitting the School hard and learning everything i lay my eyes on. I already read the section about Support and Resistance but then i wasn’t able to grasp on how to determine if the support or resistance is broken. I would appreciate the help on giving more insights regarding on that matter guys.
Here’s some advanced reading, take a look.
A break of support or resistance can be viewed in different ways. One of my preferred ways is to wait for a candle close beyond the level. This shows some level of trader commitment in keeping price beyond the level and lessens the liklihood of a false breakout. There are other ways to define a break but i like this one
Thanks for giving the link! It is a great help…
And thanks for your insights Pipbull. It’s already cleared. I now get it! Thank you really…
but if ever there are other’s point of views, I would appreciate them.