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Hello, guys.
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You're welcome to this video.
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So in our previous video, we discussed about break of support areas.
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Okay.
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Like we said, that's one price support area.
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It comes back to retest as a resistance.
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When price break is support area, it comes back to retest as resistance.
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So in this video right now, we will be discussing a break of resistance.
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Okay.
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And price break resistant area, it comes back to test our support when price breaks and resistant area
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e come back to test support.
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Okay.
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So like I said before.
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Let me show you an example on the diagram.
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Okay.
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Now, the line above is resistant.
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I told you the resistance is like a ceiling.
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It prevents price from going up.
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Okay.
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While this support.
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Support the price from going down.
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Okay.
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Now, when the resistance gets broken, the price goes above that resistance.
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The price breaks above the resistance.
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Once the price breaks above the resistance, it automatically means that that previously broken resistance
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is now below the price.
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Okay.
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That makes seats.
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It supports the support.
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It's now it's a line is a zone below the price.
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Okay.
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So once prices break down, resistance is when is coming back to take that area.
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It's no longer stays in that area as a resistance area because price has passed that area and that area
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is now below the price.
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So is coming down to take that area as a support area.
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Okay.
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So looking at the diagram below, above and below, we see that the resistance area is the area above
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the price here.
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While the support the area below the price in front of that price has been moving within the resistance
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and support area price have been moving within it.
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And all of a sudden when price got to this area, it couldn't reverse back to the next support.
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Instead, price broke above the resistance area, broke above the distant area, closed above the resistance
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area, and came back to the previously broken resistance area to test our support.
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Okay, so once a resistance area is broken, it turns into a support.
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Once the resistance area is broken, it turns into a support.
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So let's go to the live chat.
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I can show you an example of break of resistance on the live chat.
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Okay.
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So guys, we are on euro GBP for our charts, young euro GBP for our DOT.
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I can see I've already marked out resistance as support areas on this chart to make things easier for
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us.
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The zone above.
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The red zone above is a resistance zone, while the red zone below supports the zone.
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You find out price how the moving within this stands and supports zone more.
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One win prize go to this area.
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When prices go to this resistant area, that area could include any more.
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Okay.
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So price, Brooke, plus that area, price, Brooke, above the area.
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Middle price, brook above this area is no longer called Richistan area.
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It goes into a support area.
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So when price is coming back, it is coming back to us in some area to test us support once is done
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is broken prize calls back to this as support.
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Okay.
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So guys, let's go to the next example.
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In this example is on Nzd JPY daily chart.
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Okay.
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Finally, line above the red line above.
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Here is the instant on the red line.
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Below it is supports.
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Okay.
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Find out price how the moving within this resistant and support areas was.
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Price gets to these resistant areas.
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The price area couldn't hold.
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Okay, maybe due to the buy pressure, the buyer pressure was too much.
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The number of bias in the market, we are too much.
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That was why the price broke resistant area was price.
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It is an area that is done.
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Area is no longer a resistant area.
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It turns into a support.
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Okay when price broke resistance area is no longer resistance area price is coming back to test as support.
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Let me repeat again, when price breaks in the area, it turns into a support.
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Okay, so hope you guys understand the message I'm trying to pass through.
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If you don't understand it, I recommend you watch this video over and over again.
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See, it sinks in.
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Okay.
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So that's it for this video.
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In our next video, we'll be talking about support and resistance on an uptrend, the market, how to
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draw support and resistance on an option, the market and the next one after this is how to draw in
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support and resistance and then down to the market.
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Okay.
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So I'll see you guys in this video.
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Well, please.
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Meanwhile, you guys have to watch this video right now, both your charts and practice it.
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Butcher shop.
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I look for this spot on your chart.
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Okay, I'll see you guys in the next video.
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Take care of yourself.
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