Everytime I feel this will be my comeback and went on a winning spree for a month consistently and just when I make good money but still holding trades with unrealized gains and when I double down as the market is perfectly following my lines there comes a week to wipe it all..
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
My dad:
- worked 10 hours a day.
- destroyed his body.
- made $20 an hour.
Me:
- work 2 hours a day.
- draw lines on a chart.
- make $5,000 an hour.
All because I was born 25 years later.
The older I get, the more I believe in the theory that if a city attracts you, it’s because someone or something is waiting for you there and your story has already been written
Peak adults moments
- Leaving 10 mins early from work
- A quiet neighbour
- Having money left at the end of the month
- Peace at home
- Drinking coffee without rushing
- Laughing with true friends
- Have time to travel
- Saying no without guilty
- Having body that doesn't hurt