Description
⋅ Sometimes the simplest answer gives the best results.
A monthly support and resistance is very important for traders who do long terms.
Instead of look 10+ months in the past trying to find a trend. Look close.
Draw a roadmap like this on all your stocks on the 1month and 1week and you will be amazed how much they keep faithful to those lines.
We aren’t trying to predict the future here. Just make a road map of what “Might” happen.
I knew it would do something on this line.
Bounce? Maybe.
Test it? Maybe.
Fly though? Maybe.
Was it perfect? No.
You draw these as a plan for what might happen. You set alerts close to not miss it.