There are many different methods of denoting support and resistance levels besides the horizontal levels, diagonal trendlines and trend channels, like pivot points, Fibonacci levels, moving averages, among others. Which one is best is a question of personal preference. But the fact is that the same principles apply to all of them. This common principles, if well understood, will give you an excellent ground on which to build your trading knowledge and will represent an ever accompanying edge for your trading. To attain an edge in a trading career constitutes the difference between success and failure.
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