9 tips while using support and resistance levels

9 tips while using support and resistance levels
1. level of support is the lowest price point of a certain price fluctuation in the graph where the price is starting to go ahead due to increased demand.

2. resistance level is the higher price of a certain price fluctuation in the graph where the price starts to fall for the increase in supply.

3. support and resistance price levels are not a price level well defined; Is a small area known as call and supply areas.

4. support and resistance price levels are horizontal lines on the chart and a single price level also is enough to build a support or resistance at the level of prices, but the prices are the test in an area of unique price, the more times it becomes more and niv He most important price.

5. a quick career of any price is a price level important as it indicates a greater call pressure or supply.

6. support and resistance price levels last seen to be more effective than the older ones.

7. support and resistance level prices are valid until it is broken that is to say, as soon as the price penetrates deeply and shows the lock in the opposite direction; It is no longer an important price level.

8. If the price breaks an important level of support, the potential to become a major resistance level and vice versa.

9. as long as the price is supported or resisted a price level, stronger move the future after breaking this price level.

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