Getting the real tops and bottoms

Beginner Questions
1

Hi beginners you have seen many YouTube videos about how you just draw the top and the bottom for support and resistance, but this is wrong.

To get true top and bottom

Top

Find the recent two green candle pattern ( breaking a high . That’s your top

Bottom
Find the most recent two red candle pattern breaking a low ( that’s your bottom

Should only be done on the 15 minutes time frame , it is a must to do it like this , anyway else is stop loss hunter territory

1 Like
2

Interesting approach, tho. But don’t you think sticking to 15M timeframe might be a limit for swing traders? But I can see it is worth testing out for finding S&R

2 Likes
3

The big boys use 15 min chart at 180 days time frame interval . I posted this as a must do

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4

If one can master the art of tops and bottoms, respect :+1:

2 Likes
5

While many suggest drawing support and resistance based on simple tops and bottoms, a more accurate approach is to identify the most recent two green candles breaking a high for the top, and two red candles breaking a low for the bottom. This method works best on the 15-minute time frame.

3 Likes
6

Yes that’s right :+1::+1::+1::+1: