this is the first secret
today I'm showing you one of my secrets and at the end of my article there a surprise for you guys
my way to support and resistance
we can't deny the importance of support and resistance in our trading life
and here in this article I'm showing you a very critical zones and simply it will help you so much
with your trading technique.
simply i'll show you how to predict the next support and resistance zones that the price will make a step on it.
i use a few equations to perform on the last candle ( week candle - month candle )
and it gives me the next ( week - month ) levels .
illustration
1 - pick any candle from the chart (week - month).
2- get the ( high - low - close ) values then put these values in the next equations.
3 - draw the lines in the chart by the given values from equations .
4 - see what happens in the (week - month ) after the candle you picked.
Equations
sell zone
Sell Zone1 = 1.1 * (high - low) / 4.0 + close =
Sell Zone2 = 1.1 * (high - low) / 6.0 + close =
buy zone
BuyZone1 = close - 1.1 * (high - low) / 6.0 =
BuyZone2 = close - 1.1 * (high - low) / 4.0 =
constant value
constantBZ = BuyZone2 - BuyZone1 =
ConstantSZ = SellZone2 - Se
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