$SPCXB ｜Losing the 150 level
Before looking at capital flows, let’s first understand key price levels.
One pattern is that a resistance level that has been decisively broken often becomes a support level afterward; a support level that has been decisively broken downward often becomes a resistance level later.
The first rebound after a breakdown is often seen as a litmus test: if the price is turned back near that level, the idea that support has turned into resistance becomes more convincing.
All indicators only describe price movements that have already happened; prices can certainly move in the opposite direction.
#SPCXB
Before looking at capital flows, let’s first understand key price levels.
One pattern is that a resistance level that has been decisively broken often becomes a support level afterward; a support level that has been decisively broken downward often becomes a resistance level later.
The first rebound after a breakdown is often seen as a litmus test: if the price is turned back near that level, the idea that support has turned into resistance becomes more convincing.
All indicators only describe price movements that have already happened; prices can certainly move in the opposite direction.
#SPCXB