Technical Note｜$CLANKER ｜The 18 Level Gives Way
Definition: One pattern is that a resistance level that is decisively broken often later turns into support; a support level that is decisively broken often later turns into resistance.
A common interpretation: The level itself does not determine whether prices rise or fall. It is more like a point where the bulls and bears are locked in a concentrated battle, and trading volume ultimately tells the story.
Comparing several indicators is more reliable than looking at just one, but even more indicators cannot provide a definitive answer.
This is for informational purposes only and does not constitute investment advice.
Definition: One pattern is that a resistance level that is decisively broken often later turns into support; a support level that is decisively broken often later turns into resistance.
A common interpretation: The level itself does not determine whether prices rise or fall. It is more like a point where the bulls and bears are locked in a concentrated battle, and trading volume ultimately tells the story.
Comparing several indicators is more reliable than looking at just one, but even more indicators cannot provide a definitive answer.
This is for informational purposes only and does not constitute investment advice.