Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please make sure the answer is correct. Thank you very much 5 Which of the following statements on lines of support and resistance is correct?

image text in transcribedPlease make sure the answer is correct. Thank you very much

5 Which of the following statements on lines of support and resistance is correct? Review Later Lines of resistance and support are always identified by horizontal lines. Sell near the support trendline in a downtrend. Lines of resistance typically become lines of support when real breakouts occur. A real breakout occurs when a low breaks through a support line or a high breaks through a resistance line for one or two days and then prices fall back into line

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions