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  • Quantum Trader Program - Advance Basic - Support and Resistance Exercise

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    Adan Jordan Ortega
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    This document provides an exercise to practice identifying and drawing support and resistance levels on a chart. Learners are instructed to draw support and resistance lines and label them as inner, outer, or resistance. Tips are provided that drawing multiple lines is acceptable but the stronger lines touch more bounces and are horizontal. Learners are given three charts to complete the exercise by identifying and drawing the appropriate support and resistance levels.

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    013 Support-and-Resistance-Exercise

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    This document provides an exercise to practice identifying and drawing support and resistance levels on a chart. Learners are instructed to draw support and resistance lines and label them as inner, outer, or resistance. Tips are provided that drawing multiple lines is acceptable but the stronger lines touch more bounces and are horizontal. Learners are given three charts to complete the exercise by identifying and drawing the appropriate support and resistance levels.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    17 views6 pages

    Quantum Trader Program - Advance Basic - Support and Resistance Exercise

    Uploaded by

    Adan Jordan Ortega
    This document provides an exercise to practice identifying and drawing support and resistance levels on a chart. Learners are instructed to draw support and resistance lines and label them as inner, outer, or resistance. Tips are provided that drawing multiple lines is acceptable but the stronger lines touch more bounces and are horizontal. Learners are given three charts to complete the exercise by identifying and drawing the appropriate support and resistance levels.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Quantum Trader Program – Advance Basic – Support and Resistance Exercise

    Practice your support and resistance.

    Instruction: Use line drawing to draw the support and resistance.


    Quantum Trader Program – Advance Basic – Support and Resistance Exercise

    Resistance

    Inner Support

    Outer Support

    Answer: As picture above.

    Tips: Draw as many support and resistance line that you can see. The one at the inside would be the ‘inner’ and the one at the outside would be ‘outer’.
    Drawing support and resistance line is an art and observation of one individual have on chart. There is no right and wrong in drawing support and
    resistance. The stronger line is horizontal and touches more bounces.
    Quantum Trader Program – Advance Basic – Support and Resistance Exercise

    2) Draw the support and resistance line

    Answer:
    Quantum Trader Program – Advance Basic – Support and Resistance Exercise

    Resistance

    Support

    3)
    Quantum Trader Program – Advance Basic – Support and Resistance Exercise

    Answer:
    Quantum Trader Program – Advance Basic – Support and Resistance Exercise

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