Hey all, how do you determine support and resistance levels? Do you only look at the current day chart or do you look back at the previous day? Or further? I'm trying to understand a better strategy and how to develop a better plan. Any help is greatly appreciated.
You look at several time frames and mark what makes sense
Pretty much. Plus the more history there is to that level the more confident you can be it will behave like you expect it to.
It can even be years. Generally, wherever there is a point in a historical chart, it's considered a level.
@Nathan_casey but what time frames? if each time frame has something different, how do I understand what the support/resistance would be?
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