*** a high of resistance is formed where there are 2 candles to the left and 2 candles to the right that are lower than the center wick high.
gyazo.com/201c5f1ff62019ed00146c34024a391b
(note) the 2 candles to the left and to the right dont need to fall sequentially, nor will it matter if its an up or down candle as long as its lower then the middle wick.
you will find these formations at the highs and lows.
gyazo.com/672bfce07a23c03fd80d6d580662de6d
gyazo.com/b4fba6a10bf70e39fa220bec1162d6f3
gyazo.com/201c5f1ff62019ed00146c34024a391b
(note) the 2 candles to the left and to the right dont need to fall sequentially, nor will it matter if its an up or down candle as long as its lower then the middle wick.
you will find these formations at the highs and lows.
gyazo.com/672bfce07a23c03fd80d6d580662de6d
gyazo.com/b4fba6a10bf70e39fa220bec1162d6f3
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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.