#4: TREND CHANGERS
Support and resistance levels are trend changers.
Every time, price goes to a support level, you should expect that an uptrend may be forming soon.
Every time price goes to a resistance level, you should expect that a downtrend may be forming soon.
Support levels are demand levels
Resistance levels are supply levels.
When price heads to support and resistance levels, the demand and supply changes.
Ok, this is not a difficult concept to understand.
What happens at support levels? Lots of buying power comes in, right? So what happens to price? It shoots up. Right.
In a resistance level, the opposite happens. Demand weakens and there’s an oversupply. What happens if there’s an oversupply?
Thx RKay for all information u r giving for free in here, I hope u receive much reward for ur informative nice action, God bless u. I am a new trader, learned to trade good enough not to loose and make some profit. I use ur website for learning and ideas. just wanted to thank you.
It is confirmed views that support & resistance should be visible on the chart. You have given a download link for MT4 . I use amibroker & it works on AFL format Can you please convert MT4 into AFL.
Presently, I use demand-supply AFL.
Pl see if this could be possible if so pl send link to my email.
i’m not sure what link you are talking about here because there is no link in that post…other than the “related posts” links…