SAR SUMMARY
Table 4.4 is perhaps the most important one in this book. It details how often price patterns show support and resistance, sorted by the percentage. The numbers are for bull markets only.
Description | Effectiveness | Reference |
Consolidation areas showing support in straight-line runs. | 69% to 85% | Support in Straight-Line Runs |
Consolidation areas showing resistance in straight-line runs. | 69% to 76% | Resistance in Straight-Line Runs |
Horizontal consolidation regions showing support | 55% | Horizontal Consolidation Regions |
Valleys showing resistance | 48% to 52% | Table 4.3 |
Horizontal consolidation regions showing resistance | 41% | Horizontal Consolidation Regions |
Peaks showing support | 39% to 46% | Table 4.2 |
Corrective phase of a measured move up or down stopping power | 35% | Table 4.1 |
Peaks showing resistance | 34% | Minor High Resistance |
Valleys showing support | 33% | Minor Low Support |
Gaps showing resistance | 25% | Gaps Showing Support and Resistance |
Round number support and resistance | 22% | Another Look at Round Numbers |
Gaps showing support | 20% | Gaps Showing Support and Resistance |
Tall candles do not show unusual support or resistance | True | Myth: Tall Candle Support and Resistance |
Peaks with below average volume show more resistance | True | Volume at Minor High Resistance |
Valleys with below average volume show more support | True | Volume at Minor Low Support |
Support gets stronger over time | True | Table 4.2 |
Strength of overhead resistance ... |
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