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RE: About Support and Resistance Breakout
Interesting choice of topic. I will drop an upvote once voting power will recharge :)
Thanks for sharing your experience. Are you very active with trading?
I do fully agree with you, that understanding support and resistance levels is crutial. I would say that its more important than any other indicator I've ever learned about. It simply has so much to do with psychology. And understanding trading psychology is the most important factor if we want to succeed in that field.
Wouldn't you agree?
Yours, Piotr
Thanks for checking up...
You are right... Support and resistance is considered by a lot of traders and investors as more important than most of the technical indicators on any chart simply because it truly represents well what is happening in the market