USD / CAD continues to break
through resistance lines.
EUR / USD continues to break
through resistance lines.
Not exact matches
I'll be more comfortable calling a longer - term trending move if Bitcoin can get
through this
resistance around $ 9270 and make a push towards $ 11,300, the 38.2 % Fibonacci
line.
Often times, support and
resistance are more «zones» than exact «levels», sometimes you will have a key level that is indeed an exact level, but more often than not we are going to be drawing our support and
resistance lines midway
through bar tails or even
through the body of a bar sometimes.
This is also seen at the key
resistance of the range, note how the
line through 1.3140 is not touching the exact highs on September 14th and 17th at 1.3171... this brings up the point that sometimes support or
resistance is more of a «zone» than a strict / exact level.
You will also sometimes have existing support or
resistance levels that basically run right
through the center of a value area, showing about the middle of the value area, and we can see this clearly by the blue
line in the chart below.
We will have buy opportunity when price breaks the downtrend
line, passes
through the cloud and moves above 4000.00
resistance level.
Arsenal vs. Fulham The Gunners»
line opened at -1 1/2 2.04 at home, but bettors took that number and ran
through any
resistance in July, finally prompting the move to -1 1/4.
It's thinner than other
lines which lets it cut
through the water more easily and with less
resistance so your lures present more naturally.
I walked you
through support and
resistance lines, support and
resistance zones and channels; I talked about support and
resistance breakouts as well as the way I apply support and
resistance in real time.
If this market breaks
through that trend
line, then we would first target Tuesday's $ 965.00 regular session low, marked in red, where we would anticipate some
resistance.
You will also sometimes have existing support or
resistance levels that basically run right
through the center of a value area, showing about the middle of the value area, and we can see this clearly by the blue
line in the chart below.
Yesterday, Emerson Electric (EMR)-- which was featured as Dave Van Knapp's Dividend Growth Stock of the Month for March 2015 — burst
through its «secondary downtrend
resistance line» on solid volume.
This is because the price is likely to continue moving up if the asset breaches the
resistance line, and it is likely to continue moving down if it goes
through the support
line.
Ascending triangles represent market supply and demand forces of a stock that is building support
through the uptrend and encountering
resistance at the horizontal
line.
Desire
lines is a term used to describe the paths
through nature that are made out of the raw desire to explore, humans stepping outside their own boundaries of established routes to form something new — whether it's the path of least
resistance or forging something more demanding.
Bitcoin is currently on a two - day run of gains, but likely to be stopped in its streak, if it can not break
through the previously mentioned
resistance line.