The Difference Between Price Action Event Zones and Support & Resistance Levels » Learn To Trade The Market
Two of the primary features of any price chart that are critical components for any price action trader to thoroughly understand, are support & resistance levels and price action event zones. You are probably more familiar with “support and resistance levels” since they are one of the more basic technical analysis concepts and are pretty […]
USD Grinds Support as EUR/USD Tests Resistance
CPI Talking Points: Recommended by James Stanley Get Your Free USD Forecast While Friday’s NFP report was a mixed bag, the PMI report that followed was not. Services PMI printed at its lowest level since March of 2020 and in contractionary territory. This is sign of continued impact from the Fed’s rate hikes last year […]
Bears are lurking in critical resistance area
NZD/USD bulls coming up for ain ahead of the keyUS event. The price is on the backside of a daily trend, and the front side of the weekly/monthly bear trend. NZD/USD is higher by some 0.5% on the day so far and headed for a bullish close to starting the week. However, breakout traders chasing […]
Gold’s Rapid Rise Meets Resistance, Silver Cools
Gold and Silver Technical Analysis Data-Induced Market Repricing sets USD on a Lower Path (Buoys Gold) Silver price action hints at bullish fatigue as long upper wicks emerge Gold’s recent advance was comparatively more aggressive – nearing overbought territory The analysis in this article makes use of chart patterns and key support and resistance levels. […]
How to Find Support and Resistance Levels
This post is written by Jet Toyco, a trader and trading coach. Support and resistance levels are probably the very first thing you learned in technical analysis. But as you try to apply the concept consistently… You can’t help yourself and ask: “Am I plotting my levels right?” “Am I plotting too many support and […]
Looking to Sell the S&P 500 on Rallies Into Resistance • 2nd Skies Trading
One of the main themes in the Benzinga Option School this week was how prominent the 380 strike was in terms of option flows. Our internal analytics showed how 380 is the largest strike by call + put gamma with 370 being the largest strike by put gamma only. The large concentration of positions at […]