Defining resistance. PDF Print E-mail
Written by Gary B. Smith   
Thursday, 14 January 2010 16:09

Reader Steve asks:

Please see KCI - a breakout on higher volume, but was there enough resistance for it to count?

 

Steve, excellent question.  You want resistance to be two things: easily defined and long enough for it to "count."  You nailed the first criteria, but you're right on the second: the resistance needed to be a few days longer.

            Defining resistance.