In the world of trading, understanding the role of Support and Resistance zones is akin to possessing a reliable roadmap for your journey through market fluctuations. These zones act as pivotal guides, offering traders valuable insights into potential market movements. Support and Resistance zones serve as strategic tools for traders, indicating key levels where historical buying and selling pressures have left their mark. These zones play a crucial role in identifying potential entry and exit points, managing risks effectively, and optimizing the overall success of trades. Exploring well-known indicators like Moving Average Crossovers, Support-Resistance Indicators, Bollinger Bands, and Fibonacci Retracement Levels, we find a common thread—they all look back. Traditional approaches involve analyzing zones after price movements have occurred, reacting to historical market dynamics. But what if you could step into the future? With ZoneGPT * From The Future, we've redefined the concept. Our system flips the script, introducing a forward-thinking approach to Support-Resistance zones. Imagine having a future-oriented zone for identifying signals and trading opportunities before potential price movements unfold. To find out more about ZoneGPT * From The Future, click here: https://ninza.co/product/zonegpt-from-the-future
Your "seed line" is just a short-term MA, and it looks like you're plotting it on a 12,1 chart on the NQ? That is a scalping suicide pact, death by many many cuts. And those pre-defined signal zones look like totally arbitrary S/R zones. What was the basis for them being established as signal zones? Dude, charts of that granularity should NOT be used on NQ, especially on days like today. You're bonkers.
ETers will likely glom onto this because you're a sponsor. I've been saying the same thing for years... but I'm a charlatan.
https://www.timesofisrael.com/search/?q=Binary+options&submit=search Read this coverage of binary options. Very complete and detailed. No positive stories.
When you have a support or resistance area, no software in the world can predict what is going to happen before the fact. You can use software to find support or resistance area, but the software looks back, not forward. And when you have the support and resistance area, it still is a probability game, of how many buyers and sellers are at it. Eventually, reading and understanding the buyers and seller actions on a 'known' support and resistance level, will give you an idea in witch direction it can go. IF 'they' are not playing with the support and resistance orders. How many times price fluctuate around support and resistance to finally go one direction and then just go the opposite is a trading system on its own, at this moment.