The Basic Behavior of the MIDAS Support/Resistance Curves

A MIDAS support/resistance (S/R) curve marks a place on the chart where the collective aspirations, fears, and greed of all those who have traded since the beginning of the curve are expressed within the curve by giving price a tendency to reverse direction there. If price has been in an uptrend, riding some ways above a support curve, and then turns down and approaches that curve, when it touches (or gets very close to) the curve, there is a tendency for price to reverse direction and move up again, thus resuming the original uptrend. Similarly, if price is in a down trend, moving along below a resistance curve, and then turns up towards the curve, once price gets (near) there, it tends ...

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