DislikedDomino, why did you say this is a bad support and bad breakout? What indications do you look for?
To me this breakout is getting into resistance zone.Ignored
I look for order flow ... I look for the strength of support and resistance that its breaking from... the stronger the break coming off of a more noticable zone the better so Itll have plenty of volatility to punch through the stop levels above... This support on the daily is worthless I think.. The move may progress.. and may run but in my opinion isnt worth the risk.