ilmscore | STRONG Support and Resistance 🏋️ Price Action Trading (Forex, Stocks, Crypto)

STRONG Support and Resistance 🏋️ Price Action Trading (Forex, Stocks, Crypto)

Published: 2024-08-08
Status: Analyzed

Predictions from this Video

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Prediction
Topic
Status
If price approaches and retreats from a resistance level with strong momentum candles, that level is more likely to act as resistance again in the future.
"this makes the resistance level more likely to be strong or in other words it's more likely that this level will act as resistance once again in the future"
Technical Analysis (Resistance)
Pending
If price slowly approaches and retreats from a resistance level (without strong momentum), it will be easier for the price to break above that resistance in the future.
"If we see a sort of price movement when the price is slowly crawling up to a resistance level and slowly crawling down it would actually be easier for the price to push above that resistance um in the future"
Technical Analysis (Resistance)
Pending
A strong reaction (e.g., a hammer candle showing sharp reversal) at a support level indicates it's more likely the price will bounce from that level again.
"this is still a strong a strong reaction of support and that that means that it's more likely that the price will boun bounce once again"
Technical Analysis (Support)
Pending