1. Wait for a break of support (floor)
2. Wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter
Price doing this is a Continuation of a downtrend.
1. Wait for a break of resistance (Ceiling)
2. Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as new support (floor), it is safe to enter.
Price doing this is a shift of momentum.
2. Wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter
Price doing this is a Continuation of a downtrend.
1. Wait for a break of resistance (Ceiling)
2. Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as new support (floor), it is safe to enter.
Price doing this is a shift of momentum.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.