Pressure cashback forex profit calculator Support A ball will bounce when it hits the floor and fall when it hits the ceiling, cashbackforexpipcalculator and cashbackforexprofitcalculator are like the floor and the ceiling, with cashback forex caught in between  Support and pressure are two important concepts Support forexcashbackprofitcalculator a specific price level where buying power is strong enough to break or reverse a downtrend When a downtrend hits support, price will bounce upward The term support is self-explanatory, indicating that support is a price level or area on the chart below the market where buying power is strong enough to outweigh selling pressure. The term support is self-explanatory, indicating that support is a price level or area below the market on the chart where buying interest is strong enough to outweigh selling pressure, resulting in a break in the downtrend and the price turning upward again. In a price trend chart, support is expressed as a horizontal linear trough connected by several valleys, or the lowest point of reaction. In a price chart, pressure is expressed as a horizontal straight line connected by several heads, or the highest point of reaction. A firm understanding of the concepts of support and resistance is necessary for a complete understanding of trend theory In an uptrend, resistance represents a pause in the uptrend and will usually be broken upwards at some point, while in a downtrend, support is not enough to stop the trend for long. Support levels are also not enough to stop the markets decline for long, but at least temporarily resist  It is best to draw pressure and support on the upper and lower sides of the price intensive trading area, respectively, and not to take the extreme price levels on either side of the position is representative of the majority of forex traders change their minds here, the extreme price levels only represent the panic behavior of emotional traders  the psychology behind  & nbsp;   Support and pressure exist because people have memory memories that drive us to buy and sell at a certain price level The buying and selling of the trading masses will create support and pressure  If traders remember that prices have recently stopped falling at a certain level and rallied when prices return to that level, they are likely to buy, if Traders remember that an uptrend has recently reversed downward at a certain level and formed a peak, and when prices return to that level, they are likely to sell and short  for example, between 1966 and 1982, whenever the Dow Jones Industrial Average rose to 950-1050, the uptrend ended, and many traders refer to this pressure zone as a graveyard in the sky. Support and pressure exist because the trading public feels pain and remorse, and traders with losing positions feel pain when the market gives them a second chance, and most of the losers often decide to unwind and exit the market. In a sideways trend, traders will buy at the lower edge of the range and short at the upper edge. In an uptrend, shorts feel pain for shorting and longs feel remorse for not buying more. If the market gives them a second chance, both feelings will cause buying, the pain of the shorts and the remorse of the longs, which is the motivation for buying, forming support in an uptrend bounce. In a pressure zone, the longs feel pain and the shorts feel remorse, both are ready to sell. Because there is no more short some and remorse, hope that the price rebound and have a second chance to put short the pain of the long side and the repentance of the short side to form pressure ---- downward trend in the upper resistance support and pressure strength, depending on the strength of the trading masses feel pressure and support trading rules at the pressure level to consider selling, consider buying at the support level Note that when the price of the third or fourth impact pressure Whenever a homeopathic trend is approaching support or pressure, tighten protective stop orders Protective stop orders are a type of trading order When you are long, set to sell below the market price, and when you are short, set to cover above the market price Such stop orders can protect you from serious damage from unfavorable trends When a trend touches support or pressure, its performance can indicate the trends If the trend is strong enough to cross resistance and accelerate, your stop order will not be triggered. A good trader should look at several different time frames at the same time and emphasize the long term trend. If the weekly chart shows a broad trend, the pressure on the daily chart is less important. A more cautious trader will buy after an upward breakout and set the stop loss within the dense trading area  A valid upward breakout will usually not pull back into the trading range, just as a rocket should not turn back to the launch pad once it has been successfully launched  The opposite is true for a downtrend  Pressure and We can add another basic tool to our technical arsenal - trend lines Trend lines are one of the easiest and most valuable basic technical tools used by chart analysts   Percentage retracement Friends from all the previous examples of uptrends and downtrends must have noticed that after every major market movement, the price always retraces a portion of it For example, suppose the market is in an uptrend and has risen from the level of 100 to the level of 200, then the next correction is often a retracement of this movement to the This is a very common market tendency that is frequently repeated in the market. At the same time, this concept of percentage retracement also applies to trends of any size - major, minor and transient  rather, to a large extent, 50% retracement is a market tendency, not a rule. In addition, the so-called maximum and minimum percentage retracements - one-third retracement and two-thirds retracement - are also widely known In other words, price trends can be divided into three equal parts Usually the minimum retracement is about 33% and the maximum retracement is about 66% This means that during a correction of a strong trend, the market usually retraces to at least one-third of the previous movement There are several There are several reasons why this common sense is extremely relevant If a trader is trying to plan a price below the market that is worth buying, then he can figure out the 33% - 50% retracement area on the chart as a reference to choose a rough buying opportunity  In addition, tools for determining pressure support include Fibonacci levels, Gann fan lines, etc.  Consider selling at pressure levels and buying at Consider buying at support levelsNote that a breakout can easily occur when prices hit pressure support levels for the third or fourth time  Tools for judging pressure support include trend lines, percentage lines, Fibonacci levels, and Gann fan lines