$TIA loses the 0.7 level.
Let’s talk about what lies behind this number.
One rule of thumb: a resistance level that is decisively broken often turns into support, while a support level that is decisively broken often becomes resistance.
The first rebound after a level is lost is often seen as a test: if price is turned back below the level, the idea that support has turned into resistance becomes more convincing.
Extreme readings usually come with sharper volatility. That’s when it’s even more important to scale back your position rather than make a big bet.
Don’t treat any of this as a basis for trading decisions.
Let’s talk about what lies behind this number.
One rule of thumb: a resistance level that is decisively broken often turns into support, while a support level that is decisively broken often becomes resistance.
The first rebound after a level is lost is often seen as a test: if price is turned back below the level, the idea that support has turned into resistance becomes more convincing.
Extreme readings usually come with sharper volatility. That’s when it’s even more important to scale back your position rather than make a big bet.
Don’t treat any of this as a basis for trading decisions.