The level determines the price at which the market “hits the wall” and either slows down its movement for a while, or turns around. There are resistance levels and support levels. Let’s show by example, a number of levels.
Figure 35. The USDRUB chart has two levels.
In Figure 35, two strong levels are highlighted with blue lines: the level of 70 rubles – the support level, the level of 80 rubles – the resistance level. The price runs between these two levels for a long time, which allows us to build a very profitable trading strategy.
36. The Tatneft stock has a strong level of 500 rubles. Figure 36 shows the price level of 500 rubles for the Tatneft stock. The trading strategy is also obvious: we buy below 500 rubles, sell above 500 rubles.
36. The Tatneft stock has a strong level of 500 rubles. Figure 36 shows the price level of 500 rubles for the Tatneft stock. The trading strategy is also obvious: we buy below 500 rubles, sell above 500 rubles.
Fig.38. The grid of levels for the Gmknornikel campaign. Figures 37 and 38 show the grid levels for LUKOIL and GMKNorNik shares. Grid trading allows us to immediately place groups of applications and earn only on the knowledge of the availability of such grids for a number of stocks.