Below is a support and resistance quiz. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.
1 / 6
In the above chart, price is about to tumble. Where will it stop? Where will it pause before continuing on?
The answers are on the next slide.
2 / 6
The red lines show support as the stock drops. The green lines show overhead resistance on the way back up. If you guessed nearly any price in the top half of the
chart, you weren't far from a turning point.
More on the next slide.
3 / 6
This chart shows the round numbers in red (20, 30, 40, and 50) and green shows the 5s: 25, 35, 45 and 55. Notice how often price stalls near round numbers. The semi log scale is used.
More on the next slide.
4 / 6
Price is about to move up. Where will it stall or reverse?
The answer is on the next slide.
5 / 6
The red lines show downward turning points, green lines show upward ones.
See the next slide for round number support and resistance.
6 / 6
Red lines show round numbers in multiples of 10, such as 20, 30, 40. Green lines are the 5s, such as 25, 35, and 45. Notice how often price turns near round numbers.
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