SUPPORT AND RESISITAND PANEL
8 metods: 1.FIBONACCI PIVOT? ?? 2.DEMARK PIVOT 3. CAMARILLA PIVOTS? 4.MURRY MATH LINES (MML)? 5.WOODIE PIVOT 6.CRP PIVOT 7.FRACTAL PIVOT 8.STANDARD PIVOT
SUPPORT AND RESISITAND PANEL
What's Support and Resistance?
Perhaps you've been asking yourself, "What does support and resistance mean in forex?", or "What is a good support and resistance trading strategy?". If so, you're in the right place.
Support and resistance levels are integral to any financial market.
What support and resistance is in Forex is similar to what it is in the stock market. To understand what it is and how it works, it's important to first ask, "What causes support and resistance?".
| Market participants define support and resistance levels, which essentially represent supply and demand, or the order flow, which can rapidly shift. |
It is here that the bulls and bears oppose, with a winning side always prevailing, one way or the other.
The price can be submissive or reactive to a price level, where buyers or sellers match each other.
There are hundreds of methods for locating support and resistance. If a trader decides to place all of the lines on the chart, they would not even be able to see the price on the chart.
Why? Because the price would simply vanish behind the lines. Obviously, traders must choose the best S&R levels, otherwise, the chart becomes unreadable and unusable.
So, how are support and resistance calculated? How do you draw support and resistance? And how can traders distinguish the most important levels? We'll answer these questions shortly.
But first, one of the most important questions to ask is, what should you consider as being important support and resistance lines?
S&R only becomes valuable when the market actually respects the levels in the majority of the cases. If an S&R level is only used occasionally or rarely, there is no benefit for a trader to place it on the graph.
To summarise: Traders are looking for the very best and most respected S&R levels and the top Forex and stock support and resistance indicators to help us do this. Once we've found the best support and resistance indicators, we can apply them to a support and resistance trading strategy to help us identify trading opportunities.
- 1.FIBONACCI PIVOT
- 2.DEMARK PIVOT
- 3. CAMARILLA PIVOTS
- 4.MURRY MATH LINES (MML)
- 5.WOODIE PIVOT
- 6.CRP PIVOT
- 7.FRACTAL PIVOT
- 8.STANDARD PIVOT
- 5 YEARS LICENSE
Recent Products
