Market Notes | $ELSA | Breaking through the 0.1 level
Definition: To determine whether a break below a level is valid, common methods include: the close is on the other side of the level, a rebound fails to break back through it, and trading volume picks up during the breakout.
A common interpretation: Crossing a level only means that one side has the upper hand at that moment. How much further the price can move depends on where the next level is and whether trading activity can be sustained.
Learning to read indicators isn’t hard; the hard part is sticking to the rules even when market conditions become extreme.
Definition: To determine whether a break below a level is valid, common methods include: the close is on the other side of the level, a rebound fails to break back through it, and trading volume picks up during the breakout.
A common interpretation: Crossing a level only means that one side has the upper hand at that moment. How much further the price can move depends on where the next level is and whether trading activity can be sustained.
Learning to read indicators isn’t hard; the hard part is sticking to the rules even when market conditions become extreme.
