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Charting | BON 2011
Anchoring Support And Resistance
Here’s how you can use support/resistance lines, swing points, and volume to anchor support and resistance zones. What does a horizontal support or resistance line mean to you? What gives it significance? Traditionally, the thought is that the number of highs or lows that happen to reside on the line is what gives the line strength. Coupled with that is the length of the line, so the longer the better.
by L.A. Little
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