This post is dedicated to the third short term variable - Support and Resistance (S&R). We have discussed S&R in detail in a series of posts in the section on Technical Tools. Please refer to the post - Introduction to Support and Resistance. Just to recap, S&R is classified into 4 types, as below. The link to the relevant post is embedded for reference.
The above posts explain how to determine S&R for each type along with chart examples. S&R is a critical variable in trade selection, a filtering mechanism in itself. It helps to avoid many bad trades.
Please click on "Next Post" to know about the fourth and the last short term variable, Bullish or Bearish setup occurring on Sister Commodities, applicable for metals.
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