Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. As the price of assets or securities drops, demand for the shares increases, thus forming the support line. Meanwhile, resistance zones arise due to selling interest when prices have increased. trade after breakout the support .
A trendline is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.And A Super Trend is a trend following indicator similar to moving...
Breakout trading is an advanced trading technique which requires identifying price movements after periods of price consolidation. As traders, we all love a strong trend, but the reality is the market spends most of its time in trading ranges.
bullish candles with long bodies. Each candle should open within the previous body, better above its middle. Each candle closes at a new high, near its maximum.
A breakout is when the market moves above a resistance or below a support level, and indicates that prices may continue in the direction of the breakout. However, while trading breakouts may seem very compelling, most of them end up as false breakouts, commonly called “fake-outs”.
A breakout is when the market moves above a resistance or below a support level, and indicates that prices may continue in the direction of the breakout. However, while trading breakouts may seem very compelling, most of them end up as false breakouts, commonly called “fake-outs”.
Breakout trading is used by active investors to take a position within a trend's early stages. Generally speaking, this strategy can be the starting point for major price moves, expansions in volatility and, when managed properly, can offer limited downside risk.
Breakout trading is used by active investors to take a position within a trend's early stages. Generally speaking, this strategy can be the starting point for major price moves, expansions in volatility and, when managed properly, can offer limited downside risk.
Breakout trading is used by active investors to take a position within a trend's early stages. Generally speaking, this strategy can be the starting point for major price moves, expansions in volatility and, when managed properly, can offer limited downside risk.
Breakout trading is used by active investors to take a position within a trend's early stages. Generally speaking, this strategy can be the starting point for major price moves, expansions in volatility and, when managed properly, can offer limited downside risk.
Fibonacci retracements are one of the four types of Fibonacci studies used for predicting levels of support and resistance . Fibonacci retracements are used immediately after a strong price movement either up or down. An imaginary vertical line is drawn across the chart between two extreme price values, one high and one low.
Fibonacci retracements are one of the four types of Fibonacci studies used for predicting levels of support and resistance. Fibonacci retracements are used immediately after a strong price movement either up or down. An imaginary vertical line is drawn across the chart between two extreme price values, one high and one low.
Fibonacci retracements are one of the four types of Fibonacci studies used for predicting levels of support and resistance. Fibonacci retracements are used immediately after a strong price movement either up or down. An imaginary vertical line is drawn across the chart between two extreme price values, one high and one low.
a support level is a price level where buyers are more aggressive than sellers. This aggressiveness pushes the price up, away from the level of increased demand. There’s a supply/demand imbalance, with more demand than supply, so the price must rise to meet the demand. The same is true in reverse for resistance levels. LONG AT SUPPORT .
A reversal pattern is the sort of pattern that indicates a change in direction, from rising market to falling market and vice versa. We can use this pattern to predict the upcoming movement and open or close our trades accordingly.
Traditionally, the way to spot a downtrend is to look for lower lows, as well as lower highs. That’s because there are too many sellers and too little demand, so the price goes down. The highs are also lower because sellers are motivated to get rid of their position, and there aren’t enough buyers to step in and replace them.
In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed first by a smaller drop and then a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further price increases.
A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. Can go for long having good probability for long .