A small discovery while watching the market today: $LYN fell below the 0.02 level.
To the price, a round-number level is just a number; to us, it’s a big deal.
Joking aside, the more often a price level is tested, the more significant it tends to become in people’s minds. However, some believe repeated tests may also deplete the limit orders there.
All data merely summarizes price movements that have already occurred; prices can move in the opposite direction at any time.
To the price, a round-number level is just a number; to us, it’s a big deal.
Joking aside, the more often a price level is tested, the more significant it tends to become in people’s minds. However, some believe repeated tests may also deplete the limit orders there.
All data merely summarizes price movements that have already occurred; prices can move in the opposite direction at any time.