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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (1999)7/21/1999 12:01:00 AM
From: ynot  Respond to of 18137
 
you're right, faulty question

my interpretation of support/resistance is midpoint of a previous large candle

can this be reconciled with the bottom/top resistance 'tip'?
Message 10588290

Nison also has the concept of 'polarity' changes where previous 'bottom' resistance becomes 'top' resistance and vice versa

while no 'rules' work all the time, the two items (TIP and reverse polarity) seem on the surface somewhat at odds
TIA
ynot ;)



To: TraderAlan who wrote (1999)7/21/1999 12:53:00 AM
From: ynot  Read Replies (1) | Respond to of 18137
 
TA, found the answer to my question
two forms of resistance, one mid-candle and one on top/bottoms
so 'tip' doesn't appear that contradictory now (that i am half asleep)
but still niggles the back of my head as to why the resistance is 'illusionary' if it is a bottom being pierced by an uptrend
thank you
ynot ;)


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