Support Resistant line 5.0

This Indicator has a chart pattern highlighted by two horizontal lines bordering resistance and support within which a security trades during a period. Within a valid uptrend trading Support, an opportunity to buy into the uptrend is indicated by subsequent bounces up off the support level at the point where the price touches the support level at least twice. The same is true for a downtrend trading Resistance where subsequent price movement shifts from the resistance level to the point where the price touches the resistance level at least twice to allow traders to sell.