¿How to properly spot S/R?

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

  1. you can use Bookmap to identify the high liquidity levels which with important areas like pre market high/low or last day high/low can be valis S/R
     
    #191     Feb 23, 2020
    PAAddict likes this.
  2. PAAddict

    PAAddict

    So far no Support confirmed by a Higher Low in the hourly. Let's see what happens tomorrow at the open.

    trade9.png
     
    #192     Feb 23, 2020
  3. PAAddict

    PAAddict

    Here is the view from a daily perspective.

    trade10.png
     
    #193     Feb 24, 2020
  4. PAAddict

    PAAddict

    Given that we are at this precise time exploring these levels. Which ones would you consider more important in order to stop and reverse a trade?

    explore.png
     
    #194     Feb 24, 2020
  5. %%
    OK, we did read that in a book,LOL;
    but since they were real stocks/ETFs, we knew something could be profitable there/here.It turned out to be true, just don't over do it .....................................................................
     
    #195     Feb 24, 2020
    PAAddict likes this.
  6. PAAddict

    PAAddict

    Yesterday we found enough buying to stop the fall but not strong enough to reverse the trend. Seems like we are in a congestion. Wonder if anyone would like to share his or her hypothesis regarding possible breakout directions based on the previous trend and where price is at from a Support and Resistance standpoint.

    trade11.png
     
    #196     Feb 25, 2020
    Erin and murray t turtle like this.
  7. PAAddict

    PAAddict

    We just broke to the downside. We are almost at the bottom of the upleg from the start of February.

    trade12.png
     
    #197     Feb 25, 2020
    Erin likes this.
  8. PAAddict

    PAAddict

    Ok, we finally found Support and a Higher Low gave the signal for a long. Now we are on our way to the next area above 9050
    trade13.png
     
    #198     Feb 26, 2020
    Erin likes this.
  9. %%
    OK;
    SPY,QQQ looks long + strong uptrending bull market/200dma . DAL sector is so far below 200dma; slow mo crash or bear trend.............................................................................................................
     
    #199     Feb 26, 2020
  10. Why ask why?
     
    #200     Feb 26, 2020