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Question 1 of 6
1. Question
Sketching the difference between support and resistance is essential as it will deliver a perspective that will guide you in making decisions all along your trading and analysing practice:
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Question 2 of 6
2. Question
A price level in which the selling power is strong enough to cut or reverse an upward trend and is represented by a horizontal line that connects a number of high points, knowing that investors tend to buy support and sell resistance:
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Question 3 of 6
3. Question
The stronger the resistance line, the weaker the breach traders can expect when the trend breaks the resistance line:
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Question 4 of 6
4. Question
The longer the support or resistance line is (in terms of time or number of times it was hit), the stronger and, therefore, more reliable it will be:
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Question 5 of 6
5. Question
When dealing with other traders, we need to understand that other traders pay attention to these lines, which means that when we reach that line, other traders will react. And by that, they give meaning to support and resistance lines:
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Question 6 of 6
6. Question
That doesn’t usually happen before essential announcements. We see that the market is forming a lot of liquidity because traders pull the investment out of the market, waiting for additional information to come out:
