Position Trading Support and Resistance

The Effect of Technical and Fundamental Traders

Position Trading support and resistance is caused by the effect of Technical and Fundamental Traders in the stock.  A “compression” pattern is a new candlestick pattern where a group of candles indicate that the stock is poised for a sudden move, often a breakaway gap. The compression pattern is one of the most reliable and lowest risk entries for the automated market and is ideal for Position Trading.

The candlestick chart example below with daily view shows a compression pattern, with the entry before the breakaway gap...Read the full article here: http://goo.gl/jpLtsV

Trade Wisely,

Martha Stokes CMT  

Chartered Market Technician
Instructor & Developer of TechniTrader Stock & Option Courses

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