¿How to properly spot S/R?

PAAddict said:
I have been working on a trading plan that so far has allowed me to profit in trending markets and to avoid big losses during congestions. But I still can't understand how to define my levels of S/R in order to take action regarding for example closing all my trade and taking action in the opposite direction.

Any help will be deeply appreciated.
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you can use Bookmap to identify the high liquidity levels which with important areas like pre market high/low or last day high/low can be valis S/R
 
So far no Support confirmed by a Higher Low in the hourly. Let's see what happens tomorrow at the open.

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Given that we are at this precise time exploring these levels. Which ones would you consider more important in order to stop and reverse a trade?

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Laissez Faire said:
I agree on padutrader since he's just spamming it seems.

But let's flip this statement of yours. Obviously, you have not (yet?) made S/R work and you have problems defining S/R.

Why are you convinced it works then? Because you read it in a book...? Something else?

In this game, you need to question everything. Don't accept anything you have not been able to test or verify yourself.
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OK, we did read that in a book,LOL;
but since they were real stocks/ETFs, we knew something could be profitable there/here.It turned out to be true, just don't over do it .....................................................................
 
Yesterday we found enough buying to stop the fall but not strong enough to reverse the trend. Seems like we are in a congestion. Wonder if anyone would like to share his or her hypothesis regarding possible breakout directions based on the previous trend and where price is at from a Support and Resistance standpoint.

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PAAddict said:
Yesterday we found enough buying to stop the fall but not strong enough to reverse the trend. Seems like we are in a congestion. Wonder if anyone would like to share his or her hypothesis regarding possible breakout directions based on the previous trend and where price is at from a Support and Resistance standpoint.

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OK;
SPY,QQQ looks long + strong uptrending bull market/200dma . DAL sector is so far below 200dma; slow mo crash or bear trend.............................................................................................................
 
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