Confessions of a noob

[K-Pia]

Supports and Resistances are more of an Art than a Science.
There are plenty of methods to find and draw them.

I'd like to warn that S&R aren't ultra sharp, precise.
Usually it's more of an area than a thin line.
Also, it can breaks. It's not 100% sure.
And nothing's 100% sure out there.

But I've got one advice.
Search for them in a higher time frame.
If you trade Daily, look for weekly supports and resistance.

 

[Handle123]

Thank you. I felt like your indicator set was good, but rsi: i do not trust it. Both position and direction have to be agreeable, and by that time, you may be too late.

Since his last post was 8 years ago, I think it too late.