Hello traders,
after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels.
Many traders draw LINES and they think the market will bounce exactly from that level.
The truth is, you can never do that. Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity.
Nobody cares if the market breaks the trend-line by few points. What really matters is if the breakout was respected or not.
The example is explained in the
SPY market, which is very well known but you can use this logic in any market.
Have good trading.
FINEIGHT team
after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels.
Many traders draw LINES and they think the market will bounce exactly from that level.
The truth is, you can never do that. Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity.
Nobody cares if the market breaks the trend-line by few points. What really matters is if the breakout was respected or not.
The example is explained in the
SPY market, which is very well known but you can use this logic in any market.Have good trading.
FINEIGHT team
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.