* The most important parameters that define support and resi | PMHSH99 on Binance Square

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* The most important parameters that define support and resistance areas
1 support and resistance are cross-sections of entire zones
2 the price bounced from them more than once
3 the area should be clear to the eye
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The sixth lesson Price action price behavior Definition of price behavior ( price action): price action depends mainly on the movement of prices for commodities and currencies and analyzes them in order to predict their future course . There are three prominent strategies for trading on price behavior, namely : . Triple strike (three Line Strike): this pattern indicates a strong reversal and is formed when three consecutive bearish candles expand in a downtrend, followed by a bullish reversal candle accompanied by a strong trading volume. 2. Evening Star: widely used in price action forex trading, this pattern predicts a reversal from an uptrend to a downtrend. It consists of a large bullish candle, followed by a higher candle that closes on a slight decline, and ends with a bearish candle that diverges from the second candle. 3. Bull Flag Breakout: in this pattern, a long bullish candle acts as a flag pole, followed by several sideways candles or slightly bearish candles, and finally, another strong bullish candle begins to break through. * - Risks: Subjectivity: the subjective nature of price action trading can lead to emotional decisions, which can lead to risky trades. Limited automation: unlike other trading styles, price action trading does not lend itself well to automation, which may require traders to be more trained.

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Technical analysis (Explanation of bearish price behavior ) In the model in the picture, we observe a market that was moving casually (fluctuating between buying and selling), which formed a support zone for the price, where the price bounced up more than once, but as we note, the market retested the zone to be able to then surpass it As it is known, the support zones after the price passes them become a resistance zone, and this explains the downward trend of the price so that there were sellers, which created a downtrend, and at the rhubarb number (166.000) the price reversed upwards to test the resistance zone, but failed to break it to complete the market with a downtrend of three candles, as it is clear Conclusion the market made here a great opportunity to take a fixing bearish trade after breaking support and turning into resistance as well as after retesting the area that it failed to break .

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Technical analysis (interpretation of bullish behavior ) In the image above, we note that the market managed to surpass the rhubarb number (166.000 ) in the downward direction, but buyers appeared with the end of the downtrend, which means that the market reached the peak of oversold and sellers began to withdraw from the market until the market returned to the resistance zone again, but we need to break it to become a support area from which the market is moving upwards more and more strongly, especially with the overcoming of the upward trend of the rhubarb number ( 166.500 ) ( As traders, we have to wait until we are sure that the market will continue to climb ) The opposite of this scenario is what happened in the previous picture .

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