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YourTradingCoach.com
YourTradingCoach.com
Because You'd Rather Be Trading For A Living!

Momentum Analysis

Trading Process and Strategy

S/R is a Decision Area, not an Impenetrable Barrier!

ByLance Beggs July 6, 2012April 29, 2014

It can help to think of Support or Resistance (S/R) simply as a decision area. Too many traders seem to expect their S/R levels to form an impenetrable barrier guaranteed to hold and reverse price movement. Doing so will lead to much frustration and unnecessary losses. The following image is an extract from email in…

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