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Support Resistance Break


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Support Resistance Break

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  #1 (permalink)
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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

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Market Wizard
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emini_Holy_Grail View Post
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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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.

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