Thread: How to use Support and Resistance Effectively
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Old 07-30-2007, 09:52 AM
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ValeoFX ValeoFX is offline
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A last question please........
In the attached chart, I have drawn a WHITE-horisontal line where I thought there was a Resistance as the price bounced back up before returning or is that not seen as a level of potential resistance?

This morning that level was tested, but not broken.

Is this an "over-kill" on my behalf as I could not find the corresponding R / S on the left hand side.

Thanks.
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File Type: gif tsd-r&s-2.gif (15.3 KB, 593 views)
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Last edited by ValeoFX; 07-30-2007 at 09:55 AM. Reason: spelling
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