Support and Resistance Simplified

This book explores the important aspects of sup-port and resistance, and shows you how to use theconcepts that technicians have developed toimprove their own market performance. As thecornerstone of virtually all-technical approaches toprice study, support and resistance is perhaps themost important concept you can master in devel-oping your own analytical program. Since it isimpossible to consistently and accurately identifythe duration of any price trend, we have to dependon support and resistance patterns to look for sig-nals of either change or continuation in price. Thesupport and resistance levels represent a concen-tration of buying and selling activity. When thatconcentration begins to evolve, signals develop.The astute technician, recognizing those emerging.

File Size : 1.7 mb

Langue : english