Support & Resistance

Let's introduce you guys first on what is support and resistance(SnR):-

SUPPORT is a place where we find opportunity to enter BUY positions because support is the place where there are strong demands to buy a currency. This will causes the price stops from going down.

RESISTANCE is a place where wfind oppurtunity to enter SELL positions because resistance is the place where there are strong supplies to sell a currency. This causes the price stops from going above.

There are also two types of Suppor and Resistance :-

Support :
- strong support
- weak support

Resistance :
- strong resistance
- weak resistance

Support and resistance also can change when there’s a breakout(bo) happened:-

Support breakout = support becomes resistance(SBR)

Resistance breakout = resistance becomes support(RBS)
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Accumulation Phase

Smart Money (SM) has recognized the low/ cheap price market and started collecting in large quantities. Usually the price will be in a state of "sideways" (horizontal) and this phase takes a long time, it may even reach many years.

Mark-Up Phase

At this point, the stocks collected by SM have started to move up after passing the resistance level of a price. During this phase SM will let the market rise neutrally.

Distribution Phase

At this phase, SM will find the price that is already at its peak price and start releasing their holdings.

The bullish momentum will decrease/disappear due to the active release of shares by them. Usually buyers who pass by will be stuck here

Mark Down Phase

Once SM gives up all their shareholdings, the share price will start to fall due to more interest in buying shares on a large scale.

SM will wait for prices to fall at what they consider low to regroup. The collection process will take a long time.

Using this theory, the volume bar indicator is very important to confirm the price movement because it is closely related to "demand" and "supply".

Price movement compared to volume is very important to know the direcon of stock price movement.
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Daily Free Signals & Analysis- t.me/goldsnipper
Website- https://www.tradingwithmragarwal.com