Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
DanB1
on 17/06/2019, 11:39:03 UTC
I have been trading markets for more than 20 years but in my experience support/resistance is not 1 single point but an area of support/resistance.
But with MA's reversals, if a bullish reversal is at 100 and we close at 100.05 then we have elected it.
Not sure how you guys think about this but when I look in charts for resistance and support than I can see it mostly around certain numbers, not exactly 1 point.


Does anyone know how reversals are calculated?
I see that they are often close to general support and resistance, area's where there has been some action in the past including highs/lows, closings and/or openings.