DislikedHi DD, How can we judge that a zone (for example 0.50% above Y close) will hold and price will reverse around it, OR the price will cut through the zone and not respect it? Sorry, I know it is a generic question and screen time and experience matters alot, but I was wondering if there are some other clues that can improve our judgement. Cheers,Ignored
I see the 0.25% & 0.50% as first test levels. Market is waiting for Buyers/Sellers to cross these levels and pop/drop to 1.0% & 1.5% levels or more......
I take only in rare occasions a counter trade on the 0.50%.
Counter trades I try to take on 1.0% & 1.5% & 2.0%. The higher/greater %% reached, the more change on a pull back to a smaller/previous %% level or POC level or TPO pocket.
Not statistical proven. Just experience.
"It's better to be out wishing to be in... than to be in wishing to be out!
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