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Met MAJOR resistance and fell. Met MINOR support and fell passed it, went up for a last kiss now, a good bet it will keep going down to meet the zones I laid out. P = Profit target. P1, P2, P3. Easy as that.
Do not over complicate your charts! Charts follow a pattern of support and resistance! Study your points of exhaustion candles, it will help with spotting reversals. I don't really use indicators.... THEY LAG. Once you know how to draw your lines on a naked chart you will be miles ahead of most.
Met MAJOR resistance and fell. Met MINOR support and fell passed it, went up for a last kiss now, a good bet it will keep going down to meet the zones I laid out. P = Profit target. P1, P2, P3. Easy as that.
Do not over complicate your charts! Charts follow a pattern of support and resistance! Study your points of exhaustion candles, it will help with spotting reversals. I don't really use indicators.... THEY LAG. Once you know how to draw your lines on a naked chart you will be miles ahead of most.
Comment:
P.S. I made my minor resistance points a gold/yellow color and my major resistance a blue so you know the difference.