The market mini-show is back with a new episode: $FIL has climbed above the 1.25 mark.
To a candlestick chart, a level is just a number. To us, it’s a big deal.
Jokes aside, previous highs and lows are among the most common key price levels. The fact that price previously struggled to rise above or fall below these levels can influence decisions when it reaches them again.
Several data points confirming one another are more reliable than looking at just one, but even more indicators can’t provide a definitive answer.
To a candlestick chart, a level is just a number. To us, it’s a big deal.
Jokes aside, previous highs and lows are among the most common key price levels. The fact that price previously struggled to rise above or fall below these levels can influence decisions when it reaches them again.
Several data points confirming one another are more reliable than looking at just one, but even more indicators can’t provide a definitive answer.