Support and resistance levels are among the simplest yet most misunderstood concepts in technical analysis. The longer a price zone holds over time, the greater its practical significance tends to be. The difference between an inexperienced trader and an experienced one lies in their approach: the former seeks the perfect level, whilst the latter observes how the market reacts within a zone of interest.
Liquidity sweeps, deviations, reclaims and structural confirmations are often the elements that allow us to distinguish a simple reaction from a high-probability opportunity.
Ultimately, support and resistance levels are not used to predict the future, but to identify areas where it is worth paying closer attention and waiting for the market to reveal its intentions.
Study these slides and they will be useful to you
A retweet would be helpful
When price provides u this kind of action, it's a sign to go longs
Breaking out to the range low for sure but here we noticed on reversal price swept the liquidity first, the low of that candle, where aggressive buyers made the move, right on the edge of vwap
However, a real entry comes from when price is breaking out of the deviation phase, where it does fake breakout or you can say re-enter VAL level, just telling us buyers want to get in lower price! Right at those compression levels , was the best entry when price tap in
Next leg up on Pendle from the VAH zone, we get fake brake out which will likely happen! or we may push through after deviation if market continues bullish
I think we will have exciting time for market if we start pushing.
Send it