This weeks blog is inspired by a collaboration with BlueMoonTrades. We'll dive into a weekly recap, BMT will take over with MA's, and I'll talk about what I'm watching for next week!
Thanks KR. what is it that makes 4140 the pivot? i mean, it's clear from the charts that it's acting as a key level, but curious to know what was it that you saw ahead of it playing out in the charts.
thank you! i assume by looking at hourly u get a read into the lower timeframes? and the same thought can be extrapolated to higher timeframes? ie if on a weekly, a level is acting as support, u get a read into the daily levels? apols if these are basic questions...im a newb if not already obvious!
Thanks KR. what is it that makes 4140 the pivot? i mean, it's clear from the charts that it's acting as a key level, but curious to know what was it that you saw ahead of it playing out in the charts.
thanks!
Are you asking why this was a level prior to it ever getting up here?
I would take a look at 1hr chart and ask yourself if it has recently been support. We essentially just saw a resistance to support flip
thank you! i assume by looking at hourly u get a read into the lower timeframes? and the same thought can be extrapolated to higher timeframes? ie if on a weekly, a level is acting as support, u get a read into the daily levels? apols if these are basic questions...im a newb if not already obvious!