Hello traders,
after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels.
Many traders draw LINES and they think the market will bounce exactly from that level.
The truth is, you can never do that. Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity.
Nobody cares if the market breaks the trend-line by few points. What really matters is if the breakout was respected or not.
The example is explained in the
SPY market, which is very well known but you can use this logic in any market.
Have good trading.
FINEIGHT team
after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels.
Many traders draw LINES and they think the market will bounce exactly from that level.
The truth is, you can never do that. Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity.
Nobody cares if the market breaks the trend-line by few points. What really matters is if the breakout was respected or not.
The example is explained in the
SPY market, which is very well known but you can use this logic in any market.Have good trading.
FINEIGHT team
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.