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Support/Resitance

Mitul Patel Trading Inglés 8 fichas

Fichas del conjunto (8)

1Form barriers to price movement; formed through actions of tradersTBC
2How Resistance forms?One or both of the following occurred:
1. Traders were not interested in buying at higher prices. Demand had dried up and there was no longer any urgency to get long into this market.
2. The higher prices were attractive to those selling the market. Longs took profits on their position. New shorts entered the market. The increase of supply (selling) has absorbed
any remaining demand.
3How Support forms?One or both of the following occurred:
1. Traders were not interested in selling at lower prices. Supply had dried up and there was no longer any urgency to short this market.
2. The lower prices were attractive to those buying the market. Shorts took profits on their position. New longs entered the market. The increase of demand (buying) has absorbed
any remaining supply.
4Swing LowsA price bar low, preceded by two higher lows (HL) and followed by two
higher lows (HL)
5Swing HighsA price bar high, preceded by two lower highs (LH) and followed by two
lower highs (LH)
6S/R as regions, not linesIncluded the upper or lower tails and body of the
swing high/low candle.
7Multiple TimeFrame S/R1. S/R identified on the higher timeframe chart is referred to as Support or Resistance.
2. S/R identified on the trading timeframe chart is simply referred to as Swing High or Low.
8Best S/RLevels which displayed the greatest supply/demand imbalance when price last left the area

Descripción: Trading Fichas sobre Support/Resitance, creado por Mitul Patel el 20/06/2017.
Creado por: Mitul Patel
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