Student’s Question: Here are my support/resistance lines. Are they OK?
Power Course Instructor’s Response: The support line is fine but the resistance line cannot “pretend’ that all those candles that are piercing it do not exist. We can't "force" the lines to fit… otherwise we will be dealing with faulty trading information and, therefore, put on poor trades. As a general rule, Support and Resistance lines can be drawn through the wicks of candles but not through the bodies of the candles themselves. See the chart below for an example of support and resistance...