CHAPTER 4: SUPPORT AND RESISTANCE
Resistance can become support that can become resistance. See Types of Support and Resistance.
The first leg of a well-behaved measured move approximates the time and price move of the second leg. See Measured Move Support and Resistance.
Price stops within the corrective phase of a measured move chart pattern 35 percent of the time in a bull market. See Table 4.1.
Overhead resistance occurs at peaks 34 percent of the time. See Minor High Resistance.
Peaks with volume half the average tend to show more overhead resistance than those with 1.5 times the average volume. See Volume at Minor High Resistance.
Valleys show support 33 percent of the time. See Minor Low Support.
Valleys with volume half the average tend to show more support than do those with ...
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