When the prices are making higher highs and are in an uptrend, then reversed into a downtrend, the area at which the reversal took place can be considered as a major resistance level. Major levels are those areas that create trend reversals. These areas of minor support and resistance provide opportunities for increasing your holding. This pullback can be considered as the minor support area as the price bounced back from that area. Suppose in the uptrend the price will be making higher high suddenly there will be a little pullback and then it will continue to make higher highs. Minor and Major Resistance and Support levels: The minor level can be broken whereas the strong one may stop the prices to move in the ongoing direction and cause reversals. One should also need to know about the major and minor support and resistance levels. In order to use it effectively, one needs to understand how does the prices move of a particular asset for interpreting support and resistance from this framework. Trading decisions based on new Support and Resistance levels Minor and Major Resistance and Support levels Traders need more information than these definitions for making trading decisions based on support and resistance. But knowing just these definitions will not help you in your trading.
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