Hello I have recently found out that price moves within each time frame's granularity; I draw D1 and H4 levels on a H1 chart but what confuses me is I can't predict correctly wchich level to choose as my goal. You'd say D1 level would bo of more importance than H1 but times and times price flys through D1 level to stall and reverse at H1 level. So I get entry/exit levels every 25-30 points and then level clusters within 15 point range. Is it all guess game wchich level will hold or what.
Second question I would like to ask is: levels of much importence, where battles occured on a numerous occasions - are these levels more likely to hold in the future if last time the price level was used like 3 days ago? I mean the money bet/set on this level - does it have anything to do with time passed, is there still money on this level.
Second question I would like to ask is: levels of much importence, where battles occured on a numerous occasions - are these levels more likely to hold in the future if last time the price level was used like 3 days ago? I mean the money bet/set on this level - does it have anything to do with time passed, is there still money on this level.