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Met MAJOR resistance and fell. Met MINOR support and fell passed it, went up for a last kiss now, a good bet it will keep going down to meet the zones I laid out. P = Profit target. P1, P2, P3. Easy as that.
Do not over complicate your charts! Charts follow a pattern of support and resistance! Study your points of exhaustion candles, it will help with spotting reversals. I don't really use indicators.... THEY LAG. Once you know how to draw your lines on a naked chart you will be miles ahead of most.
Met MAJOR resistance and fell. Met MINOR support and fell passed it, went up for a last kiss now, a good bet it will keep going down to meet the zones I laid out. P = Profit target. P1, P2, P3. Easy as that.
Do not over complicate your charts! Charts follow a pattern of support and resistance! Study your points of exhaustion candles, it will help with spotting reversals. I don't really use indicators.... THEY LAG. Once you know how to draw your lines on a naked chart you will be miles ahead of most.
Note
P.S. I made my minor resistance points a gold/yellow color and my major resistance a blue so you know the difference.
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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.