Simply Memoirs ...........(previously: memoirs of last 5 semesters at IIT)

Charts and analysis

Price charts
Line Charts
Bar Charts
Candlestick Charts

The more times that price has touched a support or resistance without breaking through it the more “valid” that level is thought to be.

Multi time frame analysis
The same concept applies when looking at support and resistance. In general the more time frames and the longer the time frame is that a support or resistance level shows up on the more “valid” that level is considered.

posted by maxi @ 9:48 AM