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Implications of Key Levels & Price Exhaustion Overview

[vc_row][vc_column width=”1/1″][vc_video link=”″][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][dt_gap height=”15″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Main Points:

  • Price trades above a key area, buyers keep buying, price trades below a key area, sellers keep selling
  • Look for congregation or blocks of order flow and then confirm movement through subsequent activity
  • Be aware: draw trendlines and understand how they are being used on but a long and shorter term basis; everything happens for a reason
  • Watch price around certain times of day:1. what price is doing leading into it and 2.what happens at that approximate time
  • Boot pattern is caused by a spike/drive lower or higher; at the base or top a local significant high/low causes the consolidation
  • Use price symmetry to determine feasible price exhaustion points to avoid getting eliminated on premature fades