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One area people look for moves is around support and resistance. I’ve mentioned support and resistance before but basically I look for obvious
areas as “hidden areas” don’t really attract the masses. You can also expand your thinking to include ranges that have prices moving back and
forth between the support/resistance extremes.
The question you should always be asking is will these support and resistance zones hold price or will they fail and either keep moving or simply
expand the range?
There is a rather simple way to be clued into the probable hold or fail and that is the rejection, or lack thereof, at the extremes.
What would you expect to happen to price if a support or resistance zone was going to hold? I would expect price to move away soon after
testing the zone.
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