Module 16 Support & Resistances - XM · BY AVRAMIS DESPOTIS TRADEPEDIA LLC Tel.. +971 4 352 6618...
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Module 16 Support & Resistances
Transcript of Module 16 Support & Resistances - XM · BY AVRAMIS DESPOTIS TRADEPEDIA LLC Tel.. +971 4 352 6618...
Module 16
Support & Resistances
Resistance
Resistance
Support
Support
Resistance
Resistance
Support
Support
Resistance
Support
Resistance
Support
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50% Retracement
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50% Retracement
33% Retracement
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50% Retracement
33% Retracement
66% Retracement
Top
Bottom
Top
Bottom
ATH
Bottom
ATL
Top
Bottom
Top
Bottom
ATH
Bottom
ATL
High (H) : Low (L) :
Close (C) :
R3 = Pivot + 1.000 * (H - L) = R2 = Pivot + 0.618 * (H - L) = R1 = Pivot + 0.382 * (H - L) =
Pivot = ( H + L + C ) / 3 = S1 = Pivot - 0.382 * (H - L) = S2 = Pivot - 0.618 * (H - L) = S3 = Pivot - 1.000 * (H - L) =
