S/R candle chart question

Discussion in 'Technical Analysis' started by Kastro_316, Apr 23, 2006.

  1. It is a judgement call on your part. I don't believe using a precise definition is helpful. You want to look at the general zone and say to yourself is this area getting rejected or holding and go in the direction of what is obvious. Support and resistance merely is a decision point for the market players and that decision can go either way.
     
    #31     Aug 3, 2006
  2. humble1

    humble1

    Bulls take profits at resistance this morning. The pull back to support should be another short term buy.
     
    #32     Aug 4, 2006
  3. humble1

    humble1

    this looks interesting, it can still dip down to 11164 again, but it looks like it wants to go higher instead of lower. The white triangle makes a great objective base to play off.
     
    #33     Aug 7, 2006
  4. humble1

    humble1

    I can make a case for a top here if 11300 acts like resistance tomorrow.
     
    #34     Aug 8, 2006
  5. humble1

    humble1

    price action rules if you have the patience to wait for the market to direct your trading.
     
    #35     Aug 23, 2006