Support & Resistance Axioms by David G. Ondercin, Phd
ARTICLE SYNOPSIS ...Support & Resistance Axioms by David G. Ondercin, Phd
Here are seven axioms for the practical application of support
and resistance levels to your trading.
Support and resistance are of central importance to all
traders and a necessary starting point for new traders.
There are self-evident truths concerning support and
resistance of financial markets, so let us examine some of these axioms for their practical application to trading.
The concept of support and resistance is important because
traders believe it is important.
The belief is self-fulfilling. Traders are certain, for ...