$IDOL broke below the 0.02 level.
Let’s break this number down.
Previous highs and lows are the most common reference levels: the fact that price was turned back or couldn’t fall further here last time can influence buying and selling when it returns to this level.
All indicators only summarize market movements that have already happened; the market could just as easily move in the opposite direction.
This is not any form of buying or selling advice. You assume all risks.
Let’s break this number down.
Previous highs and lows are the most common reference levels: the fact that price was turned back or couldn’t fall further here last time can influence buying and selling when it returns to this level.
All indicators only summarize market movements that have already happened; the market could just as easily move in the opposite direction.
This is not any form of buying or selling advice. You assume all risks.