Received 11 Karmas
xbows
xbows Sep 10, 17 10:55 AM

How do you define lateral resistance? The term to me sounds like a chart that is trending sideways without much up or down price action, but the way you use it sounds more like vertical price action between support and resistance.

Turbobob
Turbobob Sep 10, 17 5:31 PM

Laterakl resistance is a line drawn horizontally across the chart at key resistance points; usually at high points in a chart (ie. like a double top). Also at low points (say where a stock gapped down).

keelos
keelos Sep 11, 17 9:15 AM

why 12.50? KURA

Turbobob
Turbobob Sep 11, 17 9:28 AM

consolidation level

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