Technical Education: Support and Resistance using Gaps and Time Frames with APPS, KL, NASDAQ
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Technical Education: Support and Resistance using Gaps and Time Frames with APPS, KL, NASDAQ
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About this listen
Support and Resistance is something that technical traders talk about. Everyone gets a number aka a price that they want to use as a support and resistance. In this episode I talk about using Gaps to find them. If there is a gap up then there is a support if there is a gap down then there is a resistance. Gaps matter in the context of time frame. Depending on the time frame that you are trading it changes. The most important is the less volatile time frames and these are the hourly and the daily charts for the swing trader who hold more than a day but less than a year.
The stocks and indices below are also talked about. For best listening experience in the 2nd part it is best to at least to glance at the chart before listening to get a image of the patterns. Enjoy :)
APPS
https://www.tradingview.com/chart/APPS/g3hNv7Cq-APPS-Buy-at-29-66-Profit-Target-at-88-68-HTF-Pattern/
KL
https://www.tradingview.com/chart/KL/7lT1nYCw-Kirkland-Lake-Gold-KL-Buy-at-57-79-Profit-Target-at-69-47/
NASDAQ
https://www.tradingview.com/chart/IXIC/9qfxCgwO-NASDAQ-Daily-Next-Support-9838-and-9018/