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DislikedFirst Lesson - Support and Resistance by JGV100 {image} A1. Support and Resistance SUPPORT : Happens when price move from top to bottom but fail to penetrate one line/zone and bounce up. "Any part at which the market stopped going down and turned up". RESISTANCE : Happens when price move from bottom to top but fail to penetrate one line/zone and bounce down. "Any part at which the market stopped going up and turned down". {image}Ignored
Disliked{quote} if i understand the concept correctly, as soon as the price rejected by the 1st retest line, you will enter long?Ignored
Disliked{quote} Referring to UJ now, if apply this concept, we should Buy. Am i right? {image}Ignored