Hi,
When these types of bars come up on any timeframe are they stronger the more previous support or resistance points they break?
E.G
This CAD/JPY on the monthly has broken 6 previous months high lows likely to close end of month at this level does this make this bull very strong as its 6 months its broken resistance?
Also, it has a GAP underneath it does that act as extra support/supply? Is price action likley to revist the gap?
Thanks.
When these types of bars come up on any timeframe are they stronger the more previous support or resistance points they break?
E.G
This CAD/JPY on the monthly has broken 6 previous months high lows likely to close end of month at this level does this make this bull very strong as its 6 months its broken resistance?
Also, it has a GAP underneath it does that act as extra support/supply? Is price action likley to revist the gap?
Thanks.
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