Tag: support and resistance calculation

https://www.youtube.com/watch?v=b95ssPUkTHY Support & Resistance Trading & Candle Patterns Support and resistance trading forms the backbone of technical analysis. These levels act as barriers. Price often bounces or breaks at them. Candle patterns add confirmation. They show buyer/seller battles at key zones. Support & resistance is a key element of classic technical analysis and one of the five pillars of volume price analysis. And when combined with support & resistance from both a price and volume based perspective will give traders and investors additional confidence in identifying whether a trend is likely to reverse or not. Key Candle Patterns at Levels Reversal patterns like hammers or shooting stars shine at support/resistance. A hammer at support signals buying pressure. Doji candles show indecision. Engulfing patterns indicate strong shifts. Volume price analysis (VPA) validates these—high volume on reversal candles confirms conviction. Practical Application Combine levels with patterns for better entries. Wait for candle close at support/resistance. Check volume for strength. Quantum indicators on NinjaTrader or MT5 highlight levels and...