[nitrader]

Hi

One area I struggle with is the drawing of resistance / support line to determine entry level and stop levels.

Sometimes I have seen these drawn as horizontal lines through a single high or low and sometimes as a trend line through 2 or more points.

So if I use BT as a current example which (I define) in stage 3b moving into 4a
what would you suggest for the lines to draw for entry and stop positions?

I could have drawn the stop either as a sloping line based upon the series or lower highs OR maybe a a horizontal line through a recent high

Thanks

also can you remind me of the correct settings for the resistance clouds ?