Another example of how price action can tell you ahead of time that an S/R might break.
The clue is from price action at new highs and lows... If we hit a resistance and close down then we have a hint that it is a reversal point, but price must continue down and engulf short to confirm. If we then engulf long again then it is not the top, we will (most likely) break out.
The clue is from price action at new highs and lows... If we hit a resistance and close down then we have a hint that it is a reversal point, but price must continue down and engulf short to confirm. If we then engulf long again then it is not the top, we will (most likely) break out.
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