In technical analysis, support is the price level on a chart that is quantified with a horizontal trend line that identifies the high probability location where buyers are located based on previous behavior. Resistance is the price level on a chart that is quantified with a horizontal trend line that identifies the high probability location …
Support and Resistance Cheatsheet (95% Of Traders Don’t Know This) Read More »
Support and resistance price levels on charts can show where buyers and sellers are located at different price levels. Support is created when there is buying demand at a certain level on a chart. Resistance is created at a price level where there are plenty of sellers waiting to exit when that price is reached. …
The Donchian channel is a technical indicator used by traders as a tool for trading price ranges. It was created by the father of trend following Richard Donchian. A Donchian Channel on a chart is created by using the highest high and the lowest low of the last periods of the timeframe on the chart. The space between the …
How the Donchian Channel is a Support and Resistance Indicator Read More »
