Talk:Resistance (technical analysis)
Opinion
"For this reason, the stronger the resistance, the less likely the price will break through that level."
Opinion!! What about facts? GT
Resistance
In
If people believe what is written here, they may be selling into heavier buying. Resistance will only slow a price rise if the buying is about the same, or less than the selling that is likely to take place. However, when there is substantial buying this area will not offer any resistance to rising prices. In fact professionals are depending on the miss informed public to not only sell, but also subsequently “cover their shorts,” leading to still higher prices.
It seems to me it should not be the function of this post to lead sheep to the slaughter. A resistance area may be a place where we expect sales will take place; it does not mean this is where a trader should sell. It does not mean prices will stop here or turn around here, although they might. GT
Smoke in a windstorm
Futures are not like stocks.