I have been trying to learn about support and resistance. I was following the FTSE100 index today and have tried to plot all the support and resistance levels that I can see on the chart.
I have added the chart on here too:
The bottom line is the support
The middle line is the resistance and new support
The top line is the new resistance
Any help on if I am correctly identifying them would be great.
I have added the chart on here too:
The bottom line is the support
The middle line is the resistance and new support
The top line is the new resistance
Any help on if I am correctly identifying them would be great.
![1fk3fk.png](/proxy.php?image=http%3A%2F%2Fi49.tinypic.com%2F1fk3fk.png&hash=3fc18bb16bca0f80f83502eb64e02d9e)