pip_train
Education

Educational: Peaks and Valleys

FX:EURUSD   Euro Fx/U.S. Dollar
Where do peaks and valleys form in retracements?

Peaks and Valleys or Tops and Bottoms are technically consistent. They adhere to the rules of support and resistance .

• All failures on the way up always fail at previous support lost (at previous peak)
• All valleys generally form from the support just above a previous valley or a significant support from the leg up.

Isn't it funny how many traders like to call these moves "false breakouts"? They do this because they don't understand how to properly read a chart.

It's funny how many traders do not even understand the basics of support and resistance ...food for thought.
Have you read kewltech?
Reply
thanks
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out