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| Trading opportunity comes in breakouts and reversals at support/resistance. S/R takes many forms. It may appear as trendlines, a series of tops or bottoms, gaps, moving averages or retracements. Any set of three or more points that can be drawn in a straight line and extended may yield a trade. When two or more different sets of S/Rs intersect, cross-verification signals and odds increase that the trading prediction will come true. Start now to train your eyes to see the diverse forms of S/R on each price chart. Concentrate on where they intersect. This is the birthplace of the trade setup. |
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