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How to effectively use supports and resistances to maximize your profits

How to effectively use supports and resistances to maximize your profits

Introduction Anyone can draw supports and resistances on a trading chart. Even my 5 y/o cousin could do so. The art is knowing how to identify when a zone is: - strong - weak - getting weaker We're going to see also a way to automatize the drawing of those supports and resistances zones without you needing to do anything. Our BEST Algorithmic Supports and Resistances and BEST Fibonacci Zones TradingView scripts have been made to simplify your trading and shorten your decision time a lot per trade. The term "zone" refers to either a support or resistance level A few basic concepts In a chart you could either go the old fashion way of drawing yourself your supports and...

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