Disliked{quote} At the H4 chart, every day there are 6 H4 bar. Or intersections. We can more accurately determine support / resistance. {image} See the penultimate bar has pierced the support. The aim is bottom blue line. But there can be only penetration. Normal price is returned to the previous support. Already looking resisting it. If the price found resistance, no penetration up, the target can be bottom blue.Ignored
If I want to be more precise, I pass the M15 chart. In this graph, a bar H4 has 4x4 = 16 intersections with the angles.
But I remember that look for H4 bar. He started under the line, looking for resistance. Then he lost.
We need something that I call "clean" support or resistance. Without penetration. If there is penetration with high probability, we expect price movement in the range.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar