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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.