Trading based on Support and Resistance levels

Support is an area where the prices of any types of assets tend to stop falling. Resistance is an area where the prices of any types of assets tend to stop rising. But knowing just these definitions will not help you in your trading. Traders need more information than these definitions for making trading decisions based on support and resistance. [more]

Principle of Polarity

Principle of Polarity

PRINCIPLE OF POLARITY The Principle of Polarity states that once a Resistance (Support) level is breached, it changes its nature and becomes Support (Resistance) the next time it is approached. [more]