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Alex_Quiroga

The prestige of weekly charts

Long
Barrett Business Services, Inc. (NASDAQ:BBSI)  
Alex_Quiroga  
NASDAQ:BBSI   Barrett Business Services, Inc.
Support and Resistance Multiple Time Frame Analysis Candlestick Analysis
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supportandresistance mtfa candlestick
Resistance becomes Support has a major value when there is watching from a weekly view and has a rule:
One green candlestick closing above the resistance line and more weekly candles consolidating in the new level.
Even the weekly long lower shadow (look red arrow) has more weight looking from a weekly chart
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