Guidelines for Support and Resistance

Guidelines for Support and Resistance

Guidelines for Support and Resistance

Overhead resistance Overhead resistance occurs when selling pressure overcomes buying demand, sending price lower—at least for a time. Support Underlying support occurs when buying demand overcomes selling pressure, putting a temporary floor beneath the stock Support areas can act as resistance and resistance areas can act as support. Horizontal consolidation regions A horizontal consolidation region is an area of horizontal price movement that has lots of price overlap with a flat bottom, flat top, or both. When price bumps against it, the forex pairs often reverses direction or stalls. Long and tight HCRs (lots of price overlap) work better than do short or loose ones (meandering price). Do not place orders to buy and sell trading signals , or place stop loss orders at numbers ending in zero. That is where everyone else will place their trading orders , perhaps triggering unusual price moves Use the next closest round number (a number ending with a zero) to guess where price is going to stall or reverse, even if the forex has never climbed that high Objects that show support will often show resistance in the future and vice versa. BEST forex signals presents free forex trading signals live with Entry, Take Profit and Stop Levels. The best free forex signals send via email, website, SMS, WhatsApp from https://ift.tt/2O7YqsS

https://ift.tt/2zsj16C

Comments

Post a Comment

Popular posts from this blog

Bitcoin Core errors with database block

Bitcoin Core errors with database block I've had the follow issue: on one machine I've launced Bitcoin Core v0.16.0 and Litecoin Core v0.16.0. Each application work in separate datadir also each application have setted callback call for event walletnotify . For now I use both application with testnets. Recently, there have been frequent cases when these applications stop sending transactions, when restarting, an error occurs: "Corrupted block database detected. Do you whant to rebuild the block database now ?". It happens on both apps Bitcoin Core and Litecoin Core, after rebuild applications continue to work, but after a while it happens again Please help me, what I doing wrong? Thank you for any advice https://ift.tt/2z6j9rL
Read more

sendrawtransaction and txn-mempool-conflict

sendrawtransaction and txn-mempool-conflict When i sendrawtransaction to bitcoind, i get error (exceptions) 18: txn-mempool-conflict (use Bitcoin JSON-RPC denpamusic/php-bitcoinrpc ) But the transaction is sent to the network and is subsequently confirmed. Example one decoded transaction : https://jsfiddle.net/rn58a4j6/ then i send this transaction: 94ec12fc463230b4285a29b047608627c05572a4c6eabe6688a201ce49ae72f7 https://ift.tt/2MY2KP0
Read more