We have outlined key levels to watch in the next bull run or key levels to watch in your trading overall.
As we can see, price how finally found support at S/R level $7300, next trouble area should be at $8000-8300, if there will be enough strength and S/R flip we can move into another level and so on. Take this thesis as S/R flip levels which act as support/resistance once the level is broken.
There can be also a scenario where the price will not have enough fuel and will be rejected and from our current support at $7300 would become resistance, then next support is at $5300 and $4200 level.
I am printing this chart and put it next to my table so I can have these levels all the time in front of my eyes.
Have a great day
ADA __________________________________________________________________________________________________________________
I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.
at 17th May, 2019. there was a long wick, and this line is also have been tested many times in 2018. if this will be a support too? how to define which support is stronger which is weaker? thanks.
UnknownUnicorn6034472
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@eric69556677, Hello Eric, nope, that "big wick" was only filling CME gap that date. I take it as a sell-side liquidity run if the price will go there. That why I have outlined the next support at $5400. Basically it's better to take only BODIES of candles, not wicks.
eric69556677
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@Trader_ADA, thank you Ada. When will you offer some official course? I think I will still have many questions like to ask. haha...
UnknownUnicorn6034472
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@eric69556677, haha, haven't thought about it at all. But let's see what mid-2020 will give us. :-) maybe I can do some 1-10 videos tutorials on price action
eric69556677
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@Trader_ADA, i will be a good student, i really hope can follow your idea. very clean and clear. all are doable plan.