太虚一毫 wrote: Mon Apr 17, 2023 2:34 pm There are many resistance and support indicators. Fibonacci, pivots, channels, moving averages, trend lines, etc., can be counted in the category of resistance and support.
The question is: has anyone used mathematical methods to prove whether the statement of "resistance, support" is reliable?
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In conclusion, while there is some evidence to suggest support and resistance levels can be effective in certain circumstances, their reliability is not universally proven. As with any trading strategy, it's essential for traders to manage risk and use a combination of tools and techniques to develop a comprehensive approach to the markets.
