When is Support or Resistance More Likely to Hold? ✅


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How do you trade support and resistance? How do you determine whether a support or resistance level will hold or not? When is support or resistance more likely to hold? There are a few rules we need to look at and look at certain scenarios where a support or resistance level is more likely to hold. At this moment in time, in summer – right now its lunch time, its relatively quiet and you know what, support/resistance levels are more likely to hold in such circumstances. Why is that? This goes back to the basics of support and resistance levels. A support levels is a level where price has turned around at in the past. On the other hand if the market is all over the place (prone to wild swings) then it might well overshoot.

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