My Technical Analysis color code
Updated
Hello,
Today I made a legend for the color I usually use in my drawings when I do my technical analysis.
The goal is that you can better understand what I'm talking about and read my charts.
The supports/resistances/trend line positioning is based on candle open or close, wick and volumes.
The color of a line is not fix of course. They change along price movements, meaning for exemple that when a resistance line is broken, I will change it's color in pink to indicate that this can now be used as a support line.
I think this will help. Thanks you all for following me.
Today I made a legend for the color I usually use in my drawings when I do my technical analysis.
The goal is that you can better understand what I'm talking about and read my charts.
The supports/resistances/trend line positioning is based on candle open or close, wick and volumes.
The color of a line is not fix of course. They change along price movements, meaning for exemple that when a resistance line is broken, I will change it's color in pink to indicate that this can now be used as a support line.
I think this will help. Thanks you all for following me.
Note
Note
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