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Jtrack
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Been looking at the threads posted on this site and I have one question. Im fairly new to market profile but I have been studying it recently. Is there a way to figure out when prices are likely to break out of value? Any indicator to anticipate breakouts? Thank you
What is support and resistance?
in Beginners Forum
Posted
Support is basically a floor for price level. Resistance is the ceiling. If prices are falling, it will find support and when price is rallying it will find resistance. Once resistance is broken to the upside it will act as support. If support is broken, it will act as resistance.
Its important to understand where these levels are in trading. You can enter and exit at these levels.