Post
Topic
Board Trading Discussion
Re: Resistance and the support point
by
richminded
on 18/05/2018, 20:48:23 UTC
Technical trader has no problem determining about the resistance and support area. But how did they able to know that this is the resistance point and this is the support. I am a trader but I am not a technical trader. What specific signal or volume or etc to know it is that and that?

The price movements and the candle stick. If the pricr hits the top for at least 3 consecutive attempt to break it then you can consider it as a resistance, and its the same concept with the support level. This can be easily seen if you look at the price but it hard to do it in short term.