if all the technical analysis indicators agree without there being a candlestick pattern. However, you will find that this is not always the case. When a support or resistance level breaks, the strength of the follow-through move depends on how strongly the broken support or resistance had been holding.
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Look at the diagram above. At those times it seemed like the market was breaking support. When AroonDown line fluctuates between 70 and 100 levels it advices on a Potential downtrend. How to interpret Aroon indicator, there are two parts to the Aroon Indicator two coloured lines: Aroon up (red line) and Aroon down (blue line). This free forex robot has nearly all MetaTrader indicators and candlestick patterns built in! Other interesting tidbits about forex support and resistance: When the price passes through resistance, that resistance could potentially become support. Looking at the chart now, you can visually see and come to the conclusion that the support was not actually broken; it is still very much intact and now even stronger. You only want to plot its intentional movements. Williams R, acceleration Bands, mFI, volume, accumulation Distribution. Envelopes Reversal, envelopes Breakout, parabolic Sar, bollinger Bands Breakout.
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