Support/Resistance:
When you are in a down trend, you focus only on support levels…
When you are in an up trend, you focus only on resistance levels…
Supports
- A candle grouping of at least FIVE candles.
- The lower center candle or wick which has two higher candles on either side.
- Candle color is NOT important!
- Supports are only located on the Bottom side of UP Trends.
Resistance
- A candle grouping of at least FIVE candles.
- The higher center candle or wick which has two lower candles on either side.
- Candle color is NOT important!
- Resistances are only located on the Top side of DOWN Trends.
Henry Liu
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