Friday, May 8, 2015

support and resistance levels

Most times when the trend will reverse is at support and resistance levels.
These two trends alone shape the charts and if supply is greater than demand, then trends will fall, down trending if demand is greater, then trends will start moving up and forming an uptrend. The fewer transactions, the lower the volume. This will create a consolidation pattern and small candles the larger the supply and demand or more buyers and sellers at a certain price level, the larger the candles on the charts. learning to recognize how the trend is moving will make you more money in stock and forex trading.