advanced support resistance and trendlines afl

In using any level as support or resistance, it is important to remember the following points.

So a broken support becomes a new resistance while a broken resistance becomes a new support level.

Once this has been done properly, the trader will immediately see areas where the price action of the asset has either bounced off this line (as a support level), or pulled back from this line (as a resistance level).

The first step is to identify where there are flat tops or flat bottoms on the cloud.

The support line 2 was drawn at another Kumo flat bottom, and this served as a strong support until price got to point 3, when support was broken, turning support 2 into a new resistance.

This is where the trader could setup a short trade, and use the previously drawn support line 1 as a profit target to exit the trade.

To learn more about rule based methods using the Kumo for trading support and resistance, make sure to check out the Advanced Ichimoku Course.

Disclaimer:- Intraday trading is very risky so be cautious and.

Need to try all intraday strategy all setting of indicator that will work for you good indicators list that is good for intraday trading 1.

Support and resistance (Not an indicator but its a great way to find supply and demand zone) 4.

Live price with yellow colour as shown in image Upper trend line is in the Red colour and it shows you the resistance so.

Advanced Support Resistance And Trendlines Afl