The Easy Way to Draw Very Powerful Support & Resistance Levels
This method will save your time to determine where are the powerful S&R levels for any instrument. It can be used for the continuous chart or the monthly chart. It will also help you to entry, set the stop loss and profit target levels, even if you are using other methods such as Elliott Wave Theory, Harmonic Pattern, Market Geometry (the pitchfork), Demand & Supply and others.
Enjoy!
Enjoy!
Note
Feel free to innovate. You don't have to follow exactly as I mentioned in the video.Note
See how it worked splendidly for October chart:The red boxes are the supply areas. The bigger box is a strong one.
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.
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.