since I am a firm believer of trading off price action, i have been studying the mouteki technique a lot. However, I have a question but I don't feel like searching through the huge thread for my answer (my eyesight will start to daze).
My question is, would the support/resistance be valid if the candles beside it have same low/high respectively? Or do I need to find a point where the candles beside it do not exceed its low/high?!? I hope you understand my question.
Thanks
My question is, would the support/resistance be valid if the candles beside it have same low/high respectively? Or do I need to find a point where the candles beside it do not exceed its low/high?!? I hope you understand my question.
Thanks
Working towards CME membership