Plotting Support and Resistance Levels
One thing to remember is that support and resistance levels are not exact numbers.
Often times you will see a support or resistance level that appears broken, but soon after find out that the market was just testing it.
With candlestick charts, these “tests” of support and resistance are usually represented by the candlestick shadows
One thing to remember is that support and resistance levels are not exact numbers.
Often times you will see a support or resistance level that appears broken, but soon after find out that the market was just testing it.
With candlestick charts, these “tests” of support and resistance are usually represented by the candlestick shadows