First things first: I do not care about resistance.
It doesn’t impact my trading, although I might take some profits around resistance areas. . For me, its about support/bases. . Lets try to know what those areas that are support/base are really telling us and dive into the charts.
As you can see I usually layer and get larger size the better the price gets. But it takes time to feel comfortable trading in this manner, so keep your trade size small while your starting out.
What were the 2 main points of the video:
(1) When assessing a foundation, the bigger the bounce (reaction) off that foundation, the more safe it will be when there is a fracture (surprise). . Draw your support/bases at the bottom of the huge bounces.
(2) Maintain your bases current. You don’t have to go a month or two back to search for areas of support.
But thanks for watching, your votes and opinions keep me inspired to keep putting out more videos. Please let me know when you catch a panic dive that is fantastic and make some $ $. I really like to hear everyone making great trades. And don’t