Ranges contain elements of certainty which are rare in a speculative industry.
With previously established highs and lows, you can anticipate where the market is likely to hold, change direction or stop all together.
5 interesting facts about range patterns when charting price action.
1 - The range pattern is good for traders who are terrible at cutting their...
Identify the current market pattern, and set yourself up for success!
There are only 2 categories of price action, trends and ranges.
Identifying a trend pattern is that it sets you up with an expectation about what comes next.
When the market is in an up-trending pattern, expect that a higher high is coming.
The nature of a trend is to make progress in one...
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A portfolio of...
The Traders Decisions at S & R Areas:
This is a function of how we are wired as humans.
The decisions to buy or to sell are made by analyzing the current price against previous areas which cause an emotional response to traders.
They fear of missing out of on opportunity so they either buy or sell at these areas of support or resistance.
So the support area...
