Indicator
Mt4 Support Resistance Free Download your Test :
https://drive.google.com/file/d/1Z7c5dbl7IPnE25KWNotLCcJNxR2QOyyz/view?usp=sharing Understanding Support & Resistance
Support and Resistance are critical levels used by market participants in making decisions. This level is used to determine whether the
price will continue or reverse direction. If this Support and Resistance is combined with candlestick forms, it is believed that it will be
able to determine the next movement. Economic support can be interpreted as a level where supply begins to decrease and demand increases so
that if that happens, prices will rise at that level. In principle, if the market price breaks the support level, then the market price is
expected to continue decreasing to the next support level. However, if the market price is unable to break through this level, the market
price will reverse. A broken support level can become a resistance level and hold the market price up. Economic resistance can be
interpreted as a level where supply is too much and demand has begun to decrease so that market prices will fall at that level. If the market
price manages to rise and penetrate the resistance level, it is estimated that market prices will continue to rise to the next resistance
level. The resistance level that has been broken will become a support and can hold the market to go down past that level. To be able to
recognize support and resistance, you inevitably have to learn to observe forex charts. Slow down, no need to rush.You can do it.
Determine Support and Resistance After understanding the meaning of support and resistance, now is the time for you to determine that support and
resistance. Did you know that there are many ways to determine support and resistance? Let's discuss them one by one. Highest Point (Top) or
Lowest Point (Bottom)
Files:
SNR_piter.ex4
26 kb
