3. Resistance and Support—A Trend’s Moment of Truth
Breadth of trading defines volatility. A larger number of points between resistance and support points to higher volatility, compared to a smaller breadth of trading and lower volatility. The trend itself can exist only because the levels of resistance and support are recognizable. However, this can take many shapes and sizes, and the duration of a trend relies on whether or not the breadth of trading holds up.
For swing trends, the levels of resistance and support might be only a few sessions, or the swing trade itself is likely to occur within the current breadth of trading as prices rise to resistance and fall to support without breakouts. For secondary trends, breadth of trading might involve ...
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