To find day trading levels from daily candles, focus on identifying key support and resistance levels based on historical price action. Look for areas where the price has consistently reversed direction or stalled in the past. Utilize tools like trendlines, horizontal lines, and pivot points to pinpoint these levels. Additionally, consider incorporating technical indicators such as moving averages, Bollinger Bands, and Fibonacci retracement levels to validate potential trading levels. Continuously monitor the market to adjust your levels based on new price developments and market conditions.
How do you find day trading levels from Daily candles?
- Thread starter Alexis_0
- Start date
Everybody knows this information already newbie.
If you want to be helpful, post something novel, like
which scanners or screeners to use and how to find a
stock that's going up and which indicator to look at if
you only have a couple of minutes to decide to get in
there to get a good quick profit.
And if you know some things about Forex, that would
be great since that is where you posted, and Forex
requires additional considerations beyond identifying
support and resistance levels.
You get the writeup from AI bot
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THAT\ or worse \bid ask.
POSSIBLE SEC increase =worse if that goes , pray to God it does not.
50dma helps /by close anyway
,
Tell me what the day trading levels are for tomorrow based on what you see in this chart.
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NOT all use that benchmark\ but since you asked \
$500cash spy, 5,000 on your chart\
$ 515\5,150 on yours
$510 50dma \
$490 SPY =4,900 on your chart. But my candles are green + red
NOT limited to day/trading @ all; but 'till we find a bottom on monthly candle charts[green + red]\OK by me LOL