are more bears than bulls at this key decision point. Only after price has bounced off our pullback support/resistance, then it turns into an overlap support/resistance.
If you see price failing to break below this horizontal support line multiple times, it is a strong level to pay attention to too. This actually means the support/resistance level is stronger and such a filter allows us to prevent such price action from tricking. The Kagi Charts are.
In Forex Course, youll get the 8 specific strategies I use to minimize risk and maximize profit (regardless of market conditions my personal modified indicators, and more. Now that you have identified a support/resistance area, the next thing to do is to add in other elements to see how strong. Support and resistance indicator for MT4 Overlap Resistance on our MT4 Support Resistance Indicator Pullback resistance turns into a strong graphical overlap resistance if price reverses off. An overlap support/resistance can only occur when price has broken a swing high/low and made a pullback to the pullback support/resistance. Guppy (Long and Short). There are 5 other things you can add that can not only add different dimensions to assessing the strength of these levels, but also greatly improve the probability of price reacting off these levels you have identified : Firstly, you can use the leading element.