Educational Reference: Support Gained and Lost progression.

FX:EURUSD   Euro / U.S. Dollar
Price action always moves from levels of support gained or lost. Support lost is what many call resistance. When retracing an up move, price uses previous levels of support lost as inflections points. When hitting a support lost level, price will travel back to levels of support gained. I drew levels connecting them from right to left to help identify and reference where the inflection points were targeting in the leg to the left.

Follow the numbers from 1-21 to follow the progression. Look left at each new number to find where the previous level was either gained or lost. This is how all markets work.
Grate explanation, it clears the concept, thanks
looking for some other topic on TA from you...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out