Something went really wrong last night during the student meetup session.
This was the topic on Support and Resistance I love to cover and teach my students the support line with the clock is the 2nd chance entry for me to engage in a buying opportunity and Magic Candle should appear on the support line when the market break and close below the consolidation that...
A support may bring two possibilities, Reverse or Continuous Drop.
A method to judge the change of validation or strength of a support: rise percentage the support generates, if % decreases, the value of the support is weakened.
As shown in the chart, the Blue in 30M indicates the support. From the support, there were two bounces:
1st 2% rise from 11350
2nd 1%...
A support may bring two possibilities, Reverse or Continuous Drop.
A method to judge the change of validation or strength of a support: rise percentage the support generates, if % decreases, the value of the support is decreased.
As shown in the chart, the Blue in 30M indicates the support. From the support, there were two bounces:
1st 2% rise from 11350
2nd 1%...
Using Nuls as an example: since I was considering if I should buy some now, due to my personal interest in its fundamentals. However its chart, like with most other altcoins, look horrible at the moment.
Here, the chart shows NULs finding support on top of the thick-green LVDT line on the 3hr chart (note, for BTC, the 3hr, as well as 4hr, and especially the 1D...
In a strong trending market like GAS currently in, support and resistance flip happens very often. Although other chart setups might not be as clean as this example, this technique can be used for all markets.
Broken Support turns into Resistance.
Broken Resistance turns into Support.
So how do we determine if a Support has been broken or not?
3 ways to view...
DXY ( USD INDEX ) is the most important thing that you must watch every time when you will open trade.
and this is my opinion what will happening with DXY in this month August 2019
Welcome to Part 2 of the series examining algorithmic support and resistance (S/R).
Today we'll check out Apple Inc (AAPL), and how the algorithm defined S/R zones over the last 15 years.
So, as I mentioned in Part 1 (see the Related Ideas link below), the algorithm incorporates a number of factors to determine, in real-time, viable support and resistance zones....
Bitcoin has returned to its last Impulse pushing up.
This is a crucial test of the overall trend structure.
This battle will determine the mid-term outlook.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden...
Horizontal Support Resistance, Diagonal Support Resistant (Parallel Channel), Dynamic Support Resistance (EMA 10 EMA 20), Pin Bar.
Enter at Horizontal Level
Exit at Horizontal Level
Enter at 50% Retracement of Pinbar. 50.0 Fibonacci Retracement Level.
Exit at Horizontal Level of the Equidistant Channel. (Target 1)
Exit at the Measured Move Measured Objective of...
On a bigger view it looks to be in a downwards wedge. Current CMP is on a support zone.
If breaks below then supports marked in yellow.
If goes back above then targets in green.
