Tuesday, August 4, 2009

Support Resistance continued...


Here's diagonal S/R.  You can have these going up or down.

You'll also here traders talk about "channels", which is what this example is - a channel is where you have a nicely defined support and resistance levels.

That's it for now on S/R, again, I urge you to do your homework and really look into support and resistance as it's a major key to trading.

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