$APT fell below the 0.8 level.
How is this number derived?
The more frequently a price level is tested, the more weight it tends to carry in traders’ minds. But some believe repeated tests can also weaken the orders resting there.
It’s common for prices to break through a level and then fall back, so many people prefer to wait for confirmation at the close rather than follow the move the moment it breaks through.
Calculating your position size based on the stop-loss distance is far more reliable than going by gut feeling.
#APT
How is this number derived?
The more frequently a price level is tested, the more weight it tends to carry in traders’ minds. But some believe repeated tests can also weaken the orders resting there.
It’s common for prices to break through a level and then fall back, so many people prefer to wait for confirmation at the close rather than follow the move the moment it breaks through.
Calculating your position size based on the stop-loss distance is far more reliable than going by gut feeling.
#APT