Bull & Bear support resistance
Description
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction.
At first, the explanation and idea behind identifying these levels seem easy, but as you'll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears.
How to use
- Support/Resistances can be used as Take profit
- Recommended for longer timeframes.
- Red color means potential oversold // Green color meas potential overbought
How to get access to the script:
Send us a message if you would like to try!!
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction.
At first, the explanation and idea behind identifying these levels seem easy, but as you'll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears.
How to use
- Support/Resistances can be used as Take profit
- Recommended for longer timeframes.
- Red color means potential oversold // Green color meas potential overbought
How to get access to the script:
Send us a message if you would like to try!!