PFT Support, Resistance and Trendlines

PRO FIRE TRADING SUPPORT, RESISTANCE AND TRENDLINES A GUIDE PRO FIRE TRADING

PRO Horizontal Support/Resistance Flips FIRE TRADING In a downtrend, when levels that once acted as support (green circles) eventually break, the PRO FIRE levels flip into resistance (red circles). TRADING

PRO FIRE TRADING In an uptrend, when levels that once acted as resistance (red circles) eventually break the levels PRO FIRE flip into support (green circles). TRADING

PRO FIRE TRADING REMEMBER.... THE LEVELS AREN’T ALWAYS AS PRECISE AS A THIN LINE SO SHOULD OFTEN BE THOUGHT OF AS A WIDER ZONE OF SUPPORT OR RESISTANCE. OLD LEVELS OF SUPPORT AND RESISTANCE MAY BE RECLAIMED MULTIPLE TIMES AND SWITCH FROM SUPPORT TO RESISTANCE (OR VICE VERSA). PRO FIRE TRADING

PRO Trendline Support/Resistance Flips FIRE TRADING The same is true when it is diagonal trendlines that are broken. PRO FIRE TRADING