Why would the wick entering into that spot indicate that it's been invalidated ? Just one retest invalidates a zone ?
You are viewing a single comment's thread from:
Why would the wick entering into that spot indicate that it's been invalidated ? Just one retest invalidates a zone ?
Yes, it's essentially acting as a support/resistance line, so the more times that it's hit, the less effective it is
I only look to trade at first time back to fresh levels because it'll get the majority of the unfilled orders and produce the biggest reaction