*~1Best~* Market Timing & Trend-Signals

[*~1Best~*]

Good morning, Comment on supports and resistances: Trading on S/R is effective during trading range market. It is quite basic for trading markets since it is where prior price actions have shown traders decision to sell or to buy based on various technical reading and trading psychology. Also, during trending period, S/R is broken making higher/high vice versa.

The supports and resistances price action and market psychology applies to all markets depending on trading environment at particular moment such as trending period, trading range period, earning period, general market psychology, etc.

In summary, while supports and resistances involve price actions, technical reading, and market psychology, the visible S/R is quite simple since those are where bull/bear price actions, e.g. candles, fought which are shown multiple candles congregated, to simply put. Another example is intraday pivots, daily, and weekly - various trendlines.

Good trades