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Re: Themistocles_I post# 45065

Sunday, 05/15/2016 9:38:14 PM

Sunday, May 15, 2016 9:38:14 PM

Post# of 47295
Entry after a top resistance point is broken is safer because resistance is resistance.

Would you bet on a guy jumping over a fence before he does? Not knowing if the guy is a good jumper or how high the fence is?

Well price momentum is the guy and the strength of the price resistance point is the fence.

Normally one wants the next resistance level broken before small entry because you learn how well the move up is (guy) and to be safe you want to see top resistance broken before a large entry, Because it's the highest fence needing to be cleared.

When I see a good jumper clear the highest fence I'm pretty sure the run will continue because the hard part is behind instead of in front of any price increase.

Read about support/resistance;

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistance

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