Examples of «factors of confluence» include but are not limited to:
strong support and resistance levels, Fibonacci 50 % retracement levels, or moving averages.
They are best played at confluent levels with
strong support and resistance confirmation.
The price shot down, the price shot up — where does this leave us now?Figure 1: BTC - USD, 6 - Hour Candles, GDAX, Macro Bull RunSince the beginning of this bull run from $ 1800, we have established very clear, very
strong support and resistance levels along the Fibonacci Retracement set shown above.
Examples of «factors of confluence» include but are not limited to:
strong support and resistance levels, Fibonacci 50 % retracement levels, or moving averages.
Within the parabolic envelope we see a strong linear channel (shown in purple) that has provided very
strong support and resistance through much of the bitcoin price growth.
Not exact matches
The standout feature on the chart is the
strong support level near $ 43
and resistance near $ 54.
The dollar retreated from that
strong resistance feature
and plunged below
support.
Given the favorable long - term setup, we still expect the rally to resume, with key
resistance ahead at $ 10,000
and $ 10,500,
and strong support at $ 8400.
«Bitcoin price staged a
strong rally to break past the short - term channel top
and aim for the longer - term
resistance... Buyers are taking control of bitcoin price action... Moving averages are in line with the 4 - hour bullish channel
support at $ 610, adding to its strength as a floor.
Short - term
resistance is still ahead near $ 8400 with a
stronger zone found between $ 9000
and $ 9200, while primary
support below the recent swing low is between $ 6750
and $ 7000.
The pivot points are defined as «major
support and resistance levels» where there is a
strong likelihood of a price turnabout
and where the pattern would shift in the opposite direction.
NEO hit the
support level near $ 13 before the
strong rebound,
and it recovered above the $ 16.50
support /
resistance.
Strong support is found at the $ 11
and $ 9 levels, while further
resistance is ahead around the $ 16 level.
The currency still faces
strong resistance near $ 0.26
and $ 0.30, with
support levels found at $ 0.2250, near $ 0.20,
and at $ 0.18.
Price is approaching major
resistance at 0.7697 (multiple Fibonacci extensions)
and we expect a
strong reaction off this level for a drop to at least 0.7634
support (Fibonacci retracement, horizontal pullback
support).
The long - term picture remains positive, but the coin might be in for more consolidation, with
strong support at $ 27
and $ 25,
and resistance ahead at $ 34
and $ 40.
Strong resistance is still ahead near $ 0.24,
and $ 0.26,
and between $ 0.30
and $ 0.32, with further
support at $ 18.
Short - term traders should still stay away from opening new positions as the test of the $ 18 level might still be ahead in the coming days, with further
support at $ 16
and $ 14.50, while
strong resistance is ahead near $ 23
and $ 25.
Several
strong resistance levels are ahead below at $ 200, between $ 225
and $ 235,
and $ 250, while key
support below $ 170 is between $ 140
and $ 150.
The quick sell - off from Thursday's peak at $ 390 was telling
and helped establish a
stronger understanding of where
support and resistance currently reside.
Support is now found between $ 555
and $ 575,
and below that zone at $ 500, while
strong resistance is ahead between $ 625
and $ 645
and near $ 740.
Financial
support faced
strong public
resistance and it took a considerable amount of time before public funds were actually injected into financial institutions.
Further
strong resistance levels are ahead near $ 240
and $ 280, while key
support is found at $ 175
and $ 150.
Short - term
support is now found near $ 650, with a
stronger level at $ 625, while
resistance is ahead near $ 740
and $ 780.
If bitcoin manages to break the 38 % retracement values somehow, there will be
strong support around the $ 3400s as the 50 % macro Fibonacci Retracement values (shown in Figure 1) have historic significance
and support.If bitcoin is going to see any significant price growth within this rally, it will have to pick up some major buy volume
and break through very
strong, historic
resistance values.
Strong support levels are found at $ 18,
and $ 16, while the $ 30
and $ 34 levels provide
resistance.
Below today's lows,
strong support is found near $ 7650, while further
resistance is ahead at $ 10,000
and $ 10,500.
On the issue of planned home birth there is
strong resistance reported in news articles from medical experts a position
supported in a recently published systematic review of the medical literature on the maternal
and newborn safety [39].
Research
and development areas with
strong bipartisan
support — such as efforts to combat cancer, brain disorders,
and antibiotic
resistance, as well as cybersecurity
and computing initiatives — will likely continue to receive
support under any new White House Administration, Holdren noted.
Increased bone density —
resistance training increases bone density, your bones become more dense
and stronger to
support your new muscle mass.
A study of Louisiana parishes
and support for a ballot initiative authorizing Louisiana's takeover law in 2003 found that
resistance to the measure was
strongest in parishes with the largest African American electorates.
(Alexandria, Va. — August 23, 2015) In its advance review of the newly - released 47th Annual PDK / Gallup Poll of the Public's Attitudes Toward the Public Schools, the National School Boards Association (NSBA) is pleased to find
strong public
support for local governance,
resistance to vouchers,
and high marks for local schools.
Well given that price has shown it's hand
and started trending strongly above that previous
resistance at 1295 - 1300, we could assume that level is going to act as
strong support, in fact after the first break out prices actually re tested that level here
and quickly pushed higher.
After reading your article I realized that I am so focused on
support and resistance that I am missing the signals occuring within a
strong trend.
NZDUSD is testing major channel
resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel
resistance)
and a
strong drop could occur at this level to push prices all the way down to major
support at 0.6852 (Fibonacci extension, horizontal swing low
support).
I have been looking at inside bars at locations that you have mentioned;
support,
resistance,
and trend continuations
and fine them to be rather
strong and fascinating little creatures.
Strength of the swing that made the new HH / LL (the
stronger the better) Signs of
support and resistance from EMA (EMA should reject price in the direction of your trade) Trend on a higher time - frame (should
support your trade)
Price has also just reached
strong resistance in the 92.00
support /
resistance region,
and additionally, is approaching the approximate upper
resistance border of the rough parallel downtrend channel.
The pivot points are defined as «major
support and resistance levels» where there is a
strong likelihood of a price turnabout
and where the pattern would shift in the opposite direction.
These 3 pivot point strategies are just a few of the many pivot point strategies that traders use to take advantage of these
strong horizontal
support and resistance levels.
As in
support the faster
and stronger the move into
resistance the more likely price is to break through.
In a
strong trend you will likely have a better chance to hold a trade for bigger gains, in a consolidating market you are probably better off using
support and resistance levels
and / or opposing price action signals to exit your trade.
ATP serves as the
support level for
strong commodities
and as the
resistance level for weak commodities.
CADJPY is seeing
strong support above 86.08 (Fibonacci retracement, Fibonacci extension, horizontal pullback
support, bullish ichimoku cloud, ascending
support)
and a bounce could occur at that level pushing prices up further towards major
resistance at 86.71 (Fibonacci extension, horizontal swing high
resistance).
A
strong rally in the dollar could strengthen $ 170 as a
resistance level, leading to a sell - off in GLD
and a re-test of the $ 156
support level, which would coincide closely to the 200 day moving average as in continues to average higher from its $ 152 level:
We use combination of Elliott wave patterns, Technical indicators, Japanese Candlestick patterns, Price Patterns, Elliott's trend lines, Fibonacci Retracement, Fibonacci Expansion,
Strong key
support and resistance levels to prepare our Elliott Wave Predictions
and Trade Setups.
Someone at some point in time came up with the notion that
support and resistance levels become
stronger with each additional retest.
Its
strong Support &
Resistance levels are exact
and explicit.
Learn how to use trend lines,
support /
resistance,
and money management techniques in your investing; or, use proprietary systems with a
strong following such as MarketClub which do the decision - making for you.
For teachers eager to convey accurate information on climate change, two needs are first, a good source of information,
and second,
strong support for their teaching in the face of
resistance from some parents
and teachers.