You would often notice market taking support and hovering around a level and then break it. This level often act as a new resistance when the price pulls back to this level.
Price creates another range and consolidates until the new res or support is broken again and so on.
Pullbacks offer best opportunities because there is time to study the price action in them and the risk-reward potential is high. But they don't always give you a profitable trade. Failures are part of trading.
Price creates another range and consolidates until the new res or support is broken again and so on.
Pullbacks offer best opportunities because there is time to study the price action in them and the risk-reward potential is high. But they don't always give you a profitable trade. Failures are part of trading.
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