Support and resistance system should only be used in a higher timeframe chart, like one hour and above. This is necessary because at such a higher time frame, brokers cannot manipulate the price to my disadvantage.
How I draw strong support and Resistance
Before I call a level strong, the same level must met the following conditions.
Again, when drawing my support and resistance levels, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels.
|24 - 28
Gold weekly review Wave Analysis: Perfectly as previously anticipated, Gold markets dropped but could not go below the monthly support level 1204.97. Instead the yellow metal bounced of from this level and is currently picking a momentum to the upper side. We expect the level 1204.97 to have ma
Wave Analysis Perfectly as previously forecasted, the impulsive wave (5) retraced slightly to the lower side but ended up closing within the Friday's candle. The previous day's candle is a perfect bullish inside bar indicating that buyers are still in control. Thus, during this intrday, we expect a
Wave Analysis: As previously anticipated, the impulsive wave (5) extended higher but is yet to hit our target set at the weekly resistance level 1.33. During this intraday, we expect a possible extension of this impulsive wave count with the first target at 1.33 a break above this level will push t
Wave Analysis During the previous trading, the Us Dollar continued short as previously anticipated but go supported along the lower trend line acting as the support to the falling channel. We expect the upward rally that followed the rebound from ths lower trend line to be mere corrective three wav
Haben Sie irgendwelche Vorschläge, um unsere Website besser zu machen? Haben Sie einen Fehler auf der Seite bemerkt? Erzähen Sie uns