She was going to follow up on that last post, but unfortunately got called away from the office.
The levels Tess mentioned in the prev post have continued to play out into today's market action. The concept of support-turns-resistance & vice versa can be applied to each & any level or zone of importance.
What you're looking for are these pressure points to either garner support & break thru, or fade on rejection of the test.
A picture is worth a thousand words, & I guess you've already observed the behaviour via your own charts anyway.
The clincher of course is whether or not a smaller timeframe trade plan is part of your arsenal & whether or not you possess a set-up or 3 to take advantage of this type of activity.
It won't suit all tastes, but those who prefer to tout their wares on a multi-timeframe canvas will have a ball trading off this type of activity.
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