Lesson
Trading is an Art!
No one analyst will agreed with another. Just the simple support and resistance. A class of thirty analysts (a max of newbies and experienced traders) when ask to draw the support and resistance. You will not be surprise the results is no one, or two it can be as many as thirty. It all depending on how complex the chart is. As said before, there is no right no wrong in trading.
Support and Resistance
Connecting the high or highs is resistance. Connecting the low or lows is support.
Many times, when the traders revisit the chart, they will find they have different opinions on support and resistance.
Have fun!
Moses Stock Column
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