True Support and Resistance ebook
Support and resistance lines are one of the basic tenants of technical analysis. The method
normally used for establishing support and resistance is by finding high and low price
levels that the market has failed to exceed previously.
True support and resistance lines can more accurately be defined, “As lines that have
established themselves with support and resistance within the flow of the market and are
supported by price action (defined as the highs and lows touching and giving support to).”
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