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.
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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 »