Langsung ke konten utama

Resistance Level R4

Definition of 'Resistance Level R4'

R4 is the fourth resistance level. It is the highest level of 9 points that are calculated as part of the Pivot Points calculations that traders use to determine where the market might reverse direction.

The resistance levels, support levels and pivot point are arranged as follows from highest to lowest. (In some cases the Pivot Point may not be in between the R1 and S1 level. This will happen when the support and resistance levels are not based off the pivot point.)

  • Resistance Level R4
  • Resistance Level R3
  • Resistance Level R2
  • Resistance Level R1
  • Pivot Point PP
  • Support Level S1
  • Support Level S2
  • Support Level S3
Label:

Komentar

Posting Komentar

Postingan populer dari blog ini

Definition of Naked Point of Control (NPOC)

Definition of 'Naked Point of Control (NPOC)' Naked POC is a Market Profile term. POC - Point of Control - is the price at which most trade occurred in a given trading session. A Naked POC is is a POC from a previous day that price has not returned to on any of the following days. Sooner or later NPOCs are tested much like "Gaps" are sooner or later filled. NPOCs act very much like magnets drawing price to them. That is why most days the POC of the previous day is visited. A Naked Point of Control is the same as a Virgin Point of Control (VPOC).
Posting Komentar
Baca selengkapnya

Definition of Pivot Points

Definition of 'Pivot Points' Pivot Points are also know as floor pivots. These are the places where traders expect support and resistance to occur in the market and as such are used as entry and exit points for trades. Depending on the type of pivot formula used you can generally generate and use up to 9 levels. These levels are marked and calculated by starting with a center pivot called a Pivot Point and labeled as PP. From that point, moving up, the resistance levels are numbered sequentially as R1, R2, R3, R4 with R4 being the highest value. The support levels are numbered in the same way S1, S2, S3, S4 with S4 being the lowest support value. There are a number of ways to calculate pivots points. Here are some of the more popular methods: Classic Pivot Points, Camarilla Pivot Points, DeMark Pivot Points, Woodie Pivot Points.
Posting Komentar
Baca selengkapnya

Definition of Short

Definition of 'Short' A Short position is when a trader or investor sells a position in the market. These positions make money when the market moves down and lose money when the market moves up. Compare to the opposite strategy which is Long. If a trader "goes short" then it means that he/she has sold a position in the market.
Posting Komentar
Baca selengkapnya