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Old 22-09-2005, 23:14   #1
USAWrestler
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Support and Resistance

I have attached an image where I drew what I perceive to be support/resistance lines and was looking for some input to make sure I'm looking at things right. Thanks for any input that can be given!
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Old 22-09-2005, 23:57   #2
BullMarket
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Re: Support and Resistance

Trend lines should include all prices action. S/R levels are the most significant when large volume accompanies the prices reaction around it. Round numbers are more significant then non.

Trend lines should have at least two reactions and a third to verify it.

On an up trend each reaction low is a support and each reaction high is a resistance.



-Frank
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