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(Beginner, Theories, Advanced) - Coggle Diagram
Beginner
Lesson 3: Levels of Support and Resistance
Advanced
Advanced Levels Gain vs Lost (Support gain / Support Lost)
4 Sudo Cathegories
Support
Lost
Gained
Resistance
Lost
Gained
You can have a level that looks like resistance but never really was resistance and is considered support that was lost.
You can have a high move up and that is not resistance, that is actually support lost. Theory on it's own
Advanced Levels 2 Touch, Rejection, Wicks and Closes
Level Strength Relativity
Advanced Support and Resistance: (How to properly identify Levels.)
There is a way to identify where a level is.
Basic
Support:
is the high of a candle during the swing low of a move
it's gonna have buying support there
offers support for accumulation
Resistance:
it's something that price will resist going past it
Support Lost
Monthly Swing Exclusion (Lesson 8: Timeframes):
Top of a swing is not a level when we don't have a downwards movement.
Segregation:
Monthly - Weekly
Daily - Under
Theories
Level Strength Relativity
First Touch vs First Test
Support Lost
Trends
,
wedges
, as
support
and
resistance
they are
levels
Exhaustion & Level Strength Relativity
LSR
how strong is a level vs how many times it was exhausted
events that are created affect the level in terms of level strength relativiry, because the level is exhausting it has a different strength index (stronger or weeker)
LSR - becomes weeker every time has been touched
The much times a level is touched the weeker it becomes
Exhaustion
shows how many times a level needs to be touched befor it can be broken
Gaining The High
How to see levels?
There are
4 ways to see levels
Swing High
The high of the High candle
The low point of the high candle
Swing Low
Swing High
Swing Low
Highs and Lows (gaining and losing them)
Parabolic - means repeating the pattern
Support is lost when you wicked past next level
Beginner
Lesson 9: Level Adaptation
Levels Segregation:
Monthly - Weekly
Daily - Under
Gaining The High:
(14:50)
When you wick pass the zone that you are in, you are gaining the level
Theories
First Touch vs First Test
Touch
Test
Advanced
Lesson 13: High & Lows
Trend Start - Trend End
Identify Import Levels
Losing or Gaining
Losing
The low that brought the move up
The low that brought the move down
Gaining
The Hight that brought the move up
The high the brought the move down