$US ｜Losing the 0.007 level
Before looking at fund flows, first get clear on the key price levels.
Common ways to judge whether a break is valid include: the price closes on the other side of the level, a rebound fails to reclaim it, and volume increases as the price breaks through.
It’s common for the price to cross a level and then fall back, so many people wait for confirmation at the candle close rather than chasing the move the moment it breaks through.
The point of understanding an indicator is to avoid being spooked by the numbers, not to use it to predict tops and bottoms.
Before looking at fund flows, first get clear on the key price levels.
Common ways to judge whether a break is valid include: the price closes on the other side of the level, a rebound fails to reclaim it, and volume increases as the price breaks through.
It’s common for the price to cross a level and then fall back, so many people wait for confirmation at the candle close rather than chasing the move the moment it breaks through.
The point of understanding an indicator is to avoid being spooked by the numbers, not to use it to predict tops and bottoms.