Determining Support & Resistance Levels on Charts, by Jim Wyckoff (TraderPlanet.com)

In this educational feature, I’m going to tackle an issue about which several of my readers have inquired: How to determine support and resistance areas on the charts.

My favorite method (and I believe this the most accurate method) of determining support and resistance levels is to look at a bar chart and its past price history and then see at what price levels the highs, lows and closes seem to be touching the most … Read more at TraderPlanet.com

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