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The Action At Support And Resistance…

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One area people look for moves is around support and resistance. I’ve mentioned support and resistance before but basically I look for obvious

areas as “hidden areas” don’t really attract the masses. You can also expand your thinking to include ranges that have prices moving back and

forth between the support/resistance extremes.

The question you should always be asking is will these support and resistance zones hold price or will they fail and either keep moving or simply

expand the range?

There is a rather simple way to be clued into the probable hold or fail and that is the rejection, or lack thereof, at the extremes.

What would you expect to happen to price if a support or resistance zone was going to hold? I would expect price to move away soon after

testing the zone.

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