¿How to properly spot S/R?

Discussion in 'Technical Analysis' started by PAAddict, May 30, 2019.

  1. PAAddict

    PAAddict

    This is a great example of what I am after. Yesterday support came from a level that I would never pay attention to (my bad). Today I was looking at Previous Day High, that actually provided Resistance during the premarket. sr.png

    As I was looking at the chart in real time, I was looking for something that actually told me to close my trade and move in the opposite direction around this level but I did not get it. As, although the accelerated demand line was broken after almost reaching R, the trendline was still holding.

    against resistance.png

    Any Ideas are appreciated here.
     
    #91     Jan 16, 2020
  2. Onra

    Onra

    Looks very much like this in the Obvious thread...
    Never figured it out...
    Screen Shot 09-10-15 at 08-1.48 PM.PNG
     
    #92     Jan 16, 2020
    PAAddict likes this.
  3. PAAddict

    PAAddict

    Where did you find that?
     
    #93     Jan 16, 2020
  4. Onra

    Onra

  5. PAAddict

    PAAddict

  6. %%
    IF you cant make money on 5 minute NOISE charts+ most cant;
    try support on monthly charts...........................................................................................
     
    #96     Jan 21, 2020
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  7. PAAddict

    PAAddict

    Once again with Oil, I have no idea why support showed up at 56.73, did anyone have that level as important today? support.png
     
    #97     Jan 22, 2020
  8. _eug_

    _eug_

    Look at daily / 4 hour chart man. Stop trading chop. What was once resistance is now support... For now at least
     
    #98     Jan 22, 2020
  9. PAAddict

    PAAddict

    daily.png
    Thanks for the input.

    Here is daily, but still cant find something that pops up, at least for me.
     
    #99     Jan 22, 2020
  10. _eug_

    _eug_

    Think and look at what happened there back in end of NOV.
     
    #100     Jan 22, 2020