This can be used as a trading guide when it comes to cycles and support and resistance, I think.
I want to see how this plays out.
I want to see how this plays out.
Note
Notice how the 4h on Monday (today) went below that support line but failed to close, market shot back up. Now facing that downward resistance line immediately above.Note
WOW now that was effective
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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.