Support/Resistance

This is a discussion on Support/Resistance within the Technical Analysis forums, part of the Methods category; these are 2 different section of the same hourly chart 2 parts are 6 months apart http://tinyurl.com/yc6yqbx7 http://tinyurl.com/yd4ll5eh (scale of ...

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Old Aug 7, 2017, 4:31am   #1
 
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Joined Jul 2017
Support/Resistance

these are 2 different section of the same hourly chart
2 parts are 6 months apart

http://tinyurl.com/yc6yqbx7

http://tinyurl.com/yd4ll5eh
(scale of price modified for viewing)

Will you guys consider line A to be major support?
or simply a short term support for price correction?
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Old Aug 7, 2017, 6:49am   #2
Joined Apr 2017
Quote:
Originally Posted by morbo View Post
these are 2 different section of the same hourly chart
2 parts are 6 months apart

http://tinyurl.com/yc6yqbx7

http://tinyurl.com/yd4ll5eh
(scale of price modified for viewing)

Will you guys consider line A to be major support?
or simply a short term support for price correction?
Major supports daily candles lows are very close , usually in different weeks
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Old Aug 7, 2017, 6:53am   #3
 
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morbo started this thread
Quote:
Originally Posted by foroom lluzers View Post
Major supports daily candles lows are very close , usually in different weeks
Does volume play any role in this?

How far back do sup/res need to be considered?
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Old Aug 7, 2017, 7:14am   #4
Joined Apr 2017
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Originally Posted by morbo View Post
Does volume play any role in this?

How far back do sup/res need to be considered?
volume is subjective , 3 to 6 months
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Old Aug 31, 2017, 7:46am   #5
 
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Gold 08/31

Resistance: 1308 - 1318 - 1324
Support : 1296 - 1292 - 1288

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