A tool used in technical analysis to identify areas of support and resistance. The tool consists of three trend lines. One is drawn from the low to the high in an uptrend or from a high to a low in a downtrend. The other two lines are drawn at 1/3 and 2/3 intervals to estimate support or resistance. For example, in a downtrend, the 2/3 line would be drawn from the high point to a point two-thirds of the way down from the high to the low. The 1/3 line would be drawn from the high point to a point one-third of the way down from the high to the low.
Related information about speed resistance lines:
- Speed Resistance Lines - Investopedia
Feb 11, 2012 ... Learn how to measure the uptrend and downtrend lines on a finance chart.
- Speed Resistance Lines Definition | Investopedia
A tool in technical analysis that is used for determining potential areas of support and resistance. This tool, consisting of three trendlines, is created by drawing ...
- Speed Resistance Lines - ChartSchool - StockCharts.com
Developed by Edson Gould, Speed Resistance Lines are trendlines based on 1/ 3 and 2/3 retracements. Gould was a prominent market technician who became ...
- Forex | Graphical methods | Speed resistance lines figure
Speed Resistance Lines - are a figure for which it is difficult to define the general rules by quantity of maxima, minima, to the purposes of movement, etc.
- Speed Resistance Lines - Technical Analysis from A to Z - Equis ...
SPEED RESISTANCE LINES. Overview. Speed Resistance Lines ("SRL"), sometimes called 1/3-2/3 lines, are a series of trendlines that divide a price move into ...
- The Andrews Pitchfork Vs. Speed Resistance Lines - Traders
Jul 16, 2002 ... Andrews pitchforks and speed resistance lines are purported to solve this problem by creating support/resistance lines around a trending stock.
- Speed Resistance Lines
Speed Resistance Lines display two trend lines and the slope of each line ... of computerized programme, you should draw the Speed Resistance Lines in the ...
- Speed Resistance Lines | Overlays
Speedlines, developed by Edson Gould, are a variation on the idea of dividing the trend into thirds. The main difference from the percentage retracement is that ...