$UAI broke through the 0.1 level.
Let's break this number down.
The more often a price level is tested, the more weight it tends to carry in people's minds; however, some argue that repeated tests can also weaken the resting orders there.
When the price swings back and forth around a key level, both bulls and bears can easily get shaken out repeatedly. Keeping your position size small until the direction becomes clear may be the safer approach.
Knowing how to read indicators isn't difficult; the hard part is sticking to your plan when the market gets heated.
Let's break this number down.
The more often a price level is tested, the more weight it tends to carry in people's minds; however, some argue that repeated tests can also weaken the resting orders there.
When the price swings back and forth around a key level, both bulls and bears can easily get shaken out repeatedly. Keeping your position size small until the direction becomes clear may be the safer approach.
Knowing how to read indicators isn't difficult; the hard part is sticking to your plan when the market gets heated.
