Support and Resistance Bands
This is my daily analysis of support and resistance based on daily highs/low trends, and overnight highs and lows, and daily double bottoms. I look for the day to bounce around any of these line, and then look for a breakout.
If I have a positive movement towards one of the resistance lines confirmed with ADX, SAR, and RSI then I will buy and sell at point of resistance. I will then look for a breakout at that resistance, or a retracements, waiting for confirmation and confluence before reentering the trade.
If I have a positive movement towards one of the resistance lines confirmed with ADX, SAR, and RSI then I will buy and sell at point of resistance. I will then look for a breakout at that resistance, or a retracements, waiting for confirmation and confluence before reentering the trade.
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