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Support Resistance Break
Updated June 4, 2010
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#1 (permalink )
Dallas,TX
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I have attached a picture where support gets broken and support becomes new resistance .
How do we figure when do the support or Resistance breaks or reverse at support or Resistance. It may not be a easy answer, but like to figure out
Can you help answer these questions from other members on futures io?
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#3 (permalink )
Market Wizard
New Orleans, La (Mardi Gras City)
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emini_Holy_Grail
How do we figure when do the support or
Resistance breaks or
reverse at support or Resistance. It may not be a easy answer, but like to figure out
Perhaps you should use a rule?
Number of bounces from the S/R line maybe.
Or add a diagonal trend line?
Your chart seems to be in a downward trend.
Perhaps a trend line break would also indicate a similar S/R break.
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#4 (permalink )
Dallas,TX
Experience: Intermediate
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Broker: Zaner/Zen Fire
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DavidHP. But a trend line break usually goes for reversal though, like (break from Bollinger, 123 reversal after trendline break)
from Long to short. I have problem to find out trend continuation, like this one when it support breaks and continues downtrend.
Last Updated on June 4, 2010
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