I made a video on this topic but I decided to post this as well. This topic is on support and resistance. As shown in the chart there are two bars. The top bar is resistance and the bottom one is support. The idea behind the two bars is if the candlesticks move towards the support line that means the price is dropping if it touches the support line then it is a perfect time to buy shares. If the candlestick goes towards the resistance line then is is time to sell shares.
Trading is about buying low and selling high.
Support and Resistance is an indication of what is going on with the share market.
Trading is about buying low and selling high.
Support and Resistance is an indication of what is going on with the share market.