7. Main Points: What Traders Talk About?

7.1 Traders talk about: Where are Support and Resistance (S/R)

Different forms of S/R:

• Moving Average(s)

• Channels

• Prior Highs & Prior Lows

7.2 Traders talk about: How strong the trend is?

• In a Bull Trend: Higher Highs and Higher Lows

• In a Bear Trend: Lower Hights and Lower Lows