Bulls and bears are more emotionally invested in a congestion zone the longer prices are in it. Similar to a battlefield with explosion craters, a congested area affected by multiple trends has defenders who have lots of cover and will likely slow down any invading force. It provides support as prices move toward that area […]
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A ball falls to the ground and bounce. It will fall after reaching the ceiling if you throw it up. Prices are positioned between support and resistance, which are similar to a floor and a ceiling. Price changes must be understood in the context of support and resistance. Depending on how strong they are, you
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