Trading Support and Resistance is one of the fundamental techniques and concepts of technical analysis. The common approach using this concept is to go long at a close above resistance and to go short at a close below support. Support and Resistance will begin to make sense of selling at a low and buying at…
What is a reversal day? A top reversal day is when a price trades higher than the previous day’s trading session, but closes lower than the previous day’s close. As you might expect, a bottom reversal day is the opposite of this – when there is a lower low than the previous day and a…
What are Bollinger Bands? One of the most well known technical indicators, Bollinger Bands are typically represented as three lines overlayed on a daily bar chart. The middle line is a moving average, most often a 20-period. Two more lines run parallel to the middle line, with the distance from the centre line varying depending…
