Recorded on 06-04-2020
Notes on Apr 27, 2022
1:07:59
True Support and Resistance:
Creating a blue print
How to find inefficiesnt price ranges
Seek and destroy
Displacement of price
Unbalanced zones
Identifying dealing ranges
Support and resistance levels
Supply and demand
Seek and Destroy - daily timeframe
What is the narrative of the market
Liquidity is money
Support and Resistance zones:
1 hour timeframe 10 - 50 pip
Above or below the range or liquidity
*i will look for opportunities to sell above old hights
*look for buys below old lows
80% of the time of Trend Direction
20% is reversals
Ineffiicient Price
Gaps in market momentum
Price displacement
Open zones
Imbalanced area
So when market is looking to retrace we can use the understanding that price continuously trying to rebalance itself
And therefore using zones of displacements help offer targets and entries
*Trying to understand this lesson, I need to look for this to apply in my end for better understanding.