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How can I find These Values inorder to find resistance and support levels

  • Post #1
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  • First Post: Mar 14, 2007 3:46am Mar 14, 2007 3:46am
  •  ochuko
  • | Commercial Member | Joined Feb 2007 | 363 Posts
How can I find these values;
Yearly highs & lows for both this year and last year.
Monthly highs & lows for both this month and month.
Weekly highs & lows for both this week and last week.
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  • Post #2
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  • Mar 14, 2007 5:54am Mar 14, 2007 5:54am
  •  bodge
  • | Joined May 2006 | Status: Member | 193 Posts
Hi ochuko,
You can find all of these levels simply by looking at a chart. For example the yearly high/low for this year, all you gotta do is open a monthly chart and focus on the last 3 candles. The current one forming is March, and the 2 before that are Jan and Feb. All you gotta do is find the high and low of the 3 candles, that would be your current year high/lows. Remember though, the current month candle is still forming and could have a new high or low in the coming days.
You can get the monthly high and low for the previous 2 months on the same chart. Just look at the current candle for this months high/low, remember that candle is still forming and subject to change. Then look at the previous candle for last months high/low.
Im sure you get the picture. Good luck!
Edit: By the way welcome to FF!
 
 
  • Post #3
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  • Last Post: Mar 15, 2007 3:42am Mar 15, 2007 3:42am
  •  ochuko
  • | Commercial Member | Joined Feb 2007 | 363 Posts
Bodge, thanks a million for your answer. I quite understand what you explained.
 
 
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