$BTW has fallen below the 2 mark.
Where does this number come from?
Previous highs and lows are commonly used reference price levels. Past experiences of being turned back or finding support at these levels can influence buying and selling when the price returns to them.
When the price revisits a level after several days, people who bought around that price before may break even and exit or add to their positions, so trading activity often picks up.
Learning to read indicators is easy. The hard part is sticking to the rules when emotions are at their most extreme.
Where does this number come from?
Previous highs and lows are commonly used reference price levels. Past experiences of being turned back or finding support at these levels can influence buying and selling when the price returns to them.
When the price revisits a level after several days, people who bought around that price before may break even and exit or add to their positions, so trading activity often picks up.
Learning to read indicators is easy. The hard part is sticking to the rules when emotions are at their most extreme.