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Showing posts from February, 2022

ONLY SUPPORT

  Only Support.   In this trading arena, everyone needs help with indicators because single-price action will not help to reach a goal.  So, in today’s article, we will see support indicators that help us with individual goals. Support means an old high & low-price action of resistance which after time will act as support. As of now, every trading platform has a Support indicator with multiple names indicators. Support, Pivot Points,   BASIC EXAMPLE OF PRICE ACTIVE SUPPORT.   EXAMPLE OF SUPPORT. In the above screen, those circles show us the support area. Once the price is stable above the circle it’s a proven support area.   Mostly I am preferring basically Pivot point indicator for more robust support findings.   What are the pivot points? The pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day. On a subsequent day, trading above the pivot point is thought to indicate ongoing bullish s