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Example of a Support and Resistance lines.I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines. The target is the following, if the price bounces on a resistance, make a short until it reaches the support level. If it bounces on a support, make a long until it reaches the resistance. If the price breaks a resistance, make a long until the next resistance level. If it breaks a support, make a short until the next support level. Sometimes a price level can behave as support and as resistance, this indicates that it is a strong level.
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by heco08