The support level is finally broker

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RESISTANCE

Resistance is the opposite of support and represents a price level where Selling Interest overcomes Buying interest and advancing prices are turning back.

RETRACEMENTS

50% Retracement.

U%. Retracemerr!

U%. Retracemerr!

Formula for 50% Retracement: Highest Price

(Highest Price-Lowest Price x.50)

-50% Retracement-

Prices retrace a portion of the current trend before resuming in the original direction. These counter trend moves tend to retrace to certain predictable precentages The best knovm application of this movement is 50% retracement.

1 00% Retracement

Prices retrace a portion of the current trend before resuming in the original direction. These counter trend moves tend to retrace to certain predictable precentages The best knovm application of this movement

1 00% Retracement

am aas

&96J

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There are also 33% and 66% Retracements.

0% Retracwnenl

Formula:

Kelrewenramt: HiûhBËL PriCiHHig&öSt Frité - LíJwMl PriíJÉ Si.33)

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