True support and resistance is found in the meat of the move, not at the extreme highs and lows. To find it, Simply draw a zone or box and look for the place that price touches the most, and then pay attention to what happens afterward.
In this lesson, I set up a trade plan and show how a Wash and Rinse structure at the pivot of a swing uses the most touches to...
Considering the prevailing channel, a possible short rally is imminent, which will be followed by an additional decline in price. Scalpers can enter three cents above today high for few days of rally and exit at any sign of a pullback.
A short would be appropriate at the top of the bear flag for one more leg down.
