Hey,
Trading Support and Resistance levels i feel is at the core of trading, from my experience this is one of the few predictable organised aspects about the market, on the surface one could make decisions using just trendlines however all is not black and white in trading, fake breakouts, failure of support are things that the market serves up to frustrate you on occasion. I was wondering if anyone has found a reliable indicator for deciding whether a S/R level has broken or about to bounce using TA?
cheers,
tom
Trading Support and Resistance levels i feel is at the core of trading, from my experience this is one of the few predictable organised aspects about the market, on the surface one could make decisions using just trendlines however all is not black and white in trading, fake breakouts, failure of support are things that the market serves up to frustrate you on occasion. I was wondering if anyone has found a reliable indicator for deciding whether a S/R level has broken or about to bounce using TA?
cheers,
tom
