Lesson # 2 (Breakout, Breakdown, New Support, New Resistance)

Hello Steemians

Today is Saturday and you people know, we have lesson class every Saturday.

If you missed lession # 1, you can check here
https://steemit.com/bitcoin/@salahuddin2004/lesson-1

Today I would like to talk about (Breakout, Breakdown, New Support and New Resistance)

Breakout : Breakout is a price movement when price break resistance level due to an increased amount of volatility and heavy volume.

Breakdown:Breakdown is a price movement when price drop sharply due to volume from support level.

New Support:When breakout occurs then old Resistance becomes a new support.

New Resistance:When breakdown occurs then old Support become a new resistance.

After breakout price start going up

After breakdown price starts falling.

New Resistance after breakdown

Old Support level become new Resistance

New Support After Breakout

Old Resistance become new Support.

Lession # 3 will be on 24.02.2018

You would love to know that everyone can use this technique.

If you have any question kindly mention it in comment.

If you find it hard in practising it let me know in comment, I will go through it.

Resteem this post to help new investors.

Thanks