I love layered levels of support and resistance (multiple levels within close proximity).

A primary reason is that they simplify our trade plan. There is no doubt about the direction that we’re looking for trade opportunity.

<image: Layered levels of support or resistance>

<image: Layered levels of support or resistance>

<image: Layered levels of support or resistance>

Like last Monday…

<image: Layered levels of support or resistance>

<image: Layered levels of support or resistance>

<image: Layered levels of support or resistance>

<image: Layered levels of support or resistance>

<image: Layered levels of support or resistance>

<image: Layered levels of support or resistance>

<image: Layered levels of support or resistance>

<image: Layered levels of support or resistance>

Keep an eye out for layered levels of support or resistance as you establish your S/R Framework pre-session.

There may be opportunity waiting on a test of these levels.

Happy trading,

Lance Beggs

 


 

Similar Posts

4 Comments

    1. What do you mean by thoughtless? If you mean lost, completely unsure of what to do, then it’s most likely a lack of clarity regarding your strategy. You need to more clearly define, understand and trust your strategy.

Leave a Reply

Your email address will not be published. Required fields are marked *