Support and Resistance
- When previous Support is broken, it has a tendency to become Resistance
- When previous Resistance is broken, it has a tendency to become Support.
Support and Resistence (SR) tend to respect "Big Numbers" - by that I mean whole numbers 1.600, 1.6500. These zones are important and should give you clues about possible entries, or contribute toward the CTS with 1 point.
- SR zones on higher time frames tend be stronger than those on lower time frames.
- Only trust support SR zones if they have been tested at least 2 to 3 times.
- Pink arrows show resistance lines which have been tested and respected multiple times.
- Blue arrows show supporte lines which have been tested and respected multiple times.
- The dark grew lines represent the SR lines
- The light grey line is another SR zone (watch how this line is respected later).
