Don’t assume something is going to play out the way you think, and take action too early – the market will teach you a harsh lesson for doing that.
In the examples,we’ve identified the key support and resistance levels on the chart without cluttering up the template with any indicators, trend lines or other chart tools.
Only mark out the important levels that market is currently reacting with at the present time.
I don’t think the market cares too much about levels from 10 years ago.
Just concentrate what’s going on in the ‘now’, because support and resistance levels do change over time.
Remember – the market is not static, it’s a dynamic environment. Support, resistance & swing levels will change as the market dynamics change.By sticking with the levels the current market is respecting, you can keep your hand on the ‘market pulse’, tuning you in to current conditions. Do this and logical, confident trading decisions will flow much easier, so long as you are basing your decisions on what a simple price chart template is communicating to you.
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