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Threshold and Support

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Not applicable
Hi All, Could someone kindly explain how one determines where the theshold and support levels lie?
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7 REPLIES 7
THRESHOLD
Super Contributor
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superstar
Regular Contributor
I guess we will have to get hold of Support level
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Not applicable
I think you mean support and resistance. Draw a line connecting all the highs and another connecting all the lows and Voila! Do it on a number of time frames to get the bigger picture. A Threshold is a piece of plank put in the doorway to keep the straw floor covering inside the hut.
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THRESHOLD
Super Contributor
WELL. That's just hurtful! It has come to mean: a beginning - as in "on the threshold of a new era." In maths and science - it marks the initial limit of effectiveness.
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Not applicable
Many thanks for the info and the laughs!
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Not applicable
And may your new era be filled with peace, prosperity, and a market that always goes your way.
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Rams
Super Contributor
lol but he wants thESHhold.
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