How to read a chart - Part 3

The Ultimate and Complete Course on High-Probability Trading Ultimate and Complete Course on High-Probability Trading
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Transcript

Welcome back to Module nine, part three, this final port of motion and we will be looking at a very important aspect of determining major levels of supply and demand on the chart. And this is the exit code proficiency that must be understood in order to determine way to correctly into your trace, what we'll be looking for support and resistance, fractals and screenful wins pivot levels or pivot points at Fibonacci levels, gaps and in looking at multi timeframe analysis, level identification so what I'll do here is we'll conclude this video with starting with a blank chart and enjoying all of these levels and points of interest. Starting with your rosante, which is your primary support and resistance, and one of the first things that any trader should do in the open up a plan, George To data for the major supply and demand zones, and by drawing horizontal support and resistance lines starting on the higher time frames, month, week day, and then you work your way lower, and to the four hour time frame or in very few instances one hour, I personally prefer to stop at the four hour time frame.

Now these lines will represent the areas where either buyer's or seller's would be interested in. And it should be noted that previous support will usually become future resistance once it is broken. And the same goes for your resistance once it is broken, it will begin to become support. So let us look at an example. So here's an example from the Euro USD. I'm currently on the one month timeframe.

So that is our higher timeframe. The things that we will be looking for is to draw support lines and resistance line. So use a tool called horizontal line and what we'll see you would tend to look at the screen points and now what you'd be looking for is way and price things to find resistance so as you can see these are very strong bearish large for a lot for large, pretty bearish candle. So that means that they certainly have a lot of resistance. And what I also want you to know is that David look at a level of think of it as his own Cause if you go and look at the future price action over here, you'll see that it actually didn't even reach your goal your evil, it actually reached a little bit down so consider that as a as a How can say a zone or resistance area.

That's why I tried to roll the focus areas Rodan and fixed line. So maybe that's closer on a better representative for support. And it also look at something like Here, let's see that there's a large, an upper shadow meaning process rejected. See, we actually saw the same thing over a year, much later, January. So your art say around year is a good place to place your next support line must be drawn all the lines now as we will do this in our final example. And let's look at a few resists IRS support.

So you can see the price came down over here, found support at this table. And next time it reached around the stable price, we're able to go down a bit further. And if you look just a bit to the right here, you'd see this again level of support. So let's just place that level of support around the looking bit further on. I'd say you can be officially these areas of support Via And like I mentioned previous eras of resistance usually become lighter areas of support. So VA if worked as a resistance, but once it was broken, again, you see, once it was broken, this level actually became support.

And once it was broken again he ate actually, again became resistance. So that's what I mean with support becomes resistance once broken resistance become support once it's broken. So just looking at another level of support maybe, yes, I suppose we can play something around here. As you can see, we have price rejecting of this level, and it also acts as a previous level of resistance. So here's was resistance and once broken, it actually became support. So that's what I mean with drawing your example and lines for support and resistance.

So this is only for the monthly timeframe and like I mentioned Start at our timeframe move you away to a narrow time frame. So, if we go to weekly timeframe, and we can continue, you can actually change the color. So let's maybe make it purple this time. So, now, you see you will notice that you actually did recover most of the areas, the major areas, but the cool thing on a lower timeframe, we might see a little bit more detail. So, immediately looking there is an area of resistance, you can see price rejection, price rejection, and also briefly found support at this level at this period over here. Looking at another level of support, they did find support but I think we will cover this type of this level.

As you can see, they did find some support and in going further on again support every year. So actually we have now we can actually speak that to your use the moment They probably find some support at this table. And before maybe bouncing off this support in the near future and looking at some levels of resistance. See, I think we actually do really have mastered it as identified in higher timeframe, suddenly or let's just look for something on this conference. I'm just gonna put in one of yours You can see there's a bit of resistance over here as well. Okay, so moving down to say a one day.

Again, you can actually change your colors, blue and they also have support resistance and see we are recovered most of it. Same maybe over around year. Let's skip that line. Okay, so you can see finding some resistance at this level. And maybe looking for a level of support. If we can see we've got a bounce or rejection of price at this level.

And there you can see it would actually have turned resistance for a short while so maybe one day and so you can see the broken retested back up resistance. Not the base of labels may be closer to the idea. As you can see, as we move to lower conference, the areas become a bit more fuzzy. So that's why I prefer to stick to your higher timeframes. But that's the basic concept of drawing support and resistance. So we will return to this example a bit later on.

But for now, let's just continue to our next form of support and resistance. So the next form of support resistance is called your diagonal support that is secondary. And so once the parameters on to support and resistance lines have been drawn, it's time to look at diagonal support resistance which usually plays out as a diagonal channel. And a diagonal support should be considered secondary support as horizontal support with take precedence over diagonal support. So just going back to our Euro USD example, I'd like to go back to our monthly timeframe as he always thought with your higher time frames. And so these are two called trend lines.

This is what we use. So maybe also starting at this point of the game, and I'm just going to go back to my purple my pink line and see from day to day these, the channel forming. So if you were to extend that 1020 extend too far but as you can see it actually allowed some diagnostic resistance to occur at this point, it actually coincided well with this fourth level. But again, this is why I'm calling it secondary support and resistance as your horizontal levels will usually take precedence. Again, you're looking at those two points. So you should look at your swing connecting your swing points.

So let's connect those two points and liquid happens. So, you around it, see again that this diagonal resistance actually help stop this line or this bullish move over here. Looking at another example, a bit tricky, but if you were to draw it from around here, see that is again, some diagonal resistance occurring. Further down, but do don't break your mind of this. This is just something that I think you've actually noticed more on the lower timeframes. So maybe let's have a look at something like one day time frame, I actually noticed you're supposed to be more prevalent on the lower timeframes.

So just quickly looking. it see you basically forming something called like a channel where price moves in a few connecting you the lines. Yeah, so yes, that's basically your diagonal support and resistance. Again, secondary support. So you can see this very nice, strong bearish move happening at this at this time of the last quarter, Okay, so moving on the pitchfork. Okay, so another way to draw diagonal support and resistance is to use a tool that is called and to speak with a pitch Pitchfork, or a shift Pitchfork.

Now both of these tools projects free power trendlines based on three previous swing points, and the resulting trend lines have a medium line that is a Milan along with a top line which would be resistance and a bottom line, which would be support. Now the basic idea is that the trend will follow the median line, or the top and bottom lines acting as support and resistance. If support or resistance is breached, it could point to a possible trend reversal. Going back to our use, in example, I'm going to go back to the one month timeframe. I'm actually just going to remove some of these Have no resistance and support lines. And as you can see, here's your pitch.

So yeah, if you've standard Pitchfork, and you have a shift Pitchfork, and then some other ones as well, so it explains how to use them. So if you click your Pitchfork, you would look to identify a high a low sec citizen low and another high. So what it's doing is projecting a trend. And like I mentioned, the idea is that price price will tend to follow the median line at the middle line, and then the lines at the bottom and top would act as support and resistance. So yeah, as resistance of this top resistance line is breached. It see a new bullish trend.

Emerging is also the shift. Pitchfork, and depending on I usually recommend drawing both. As some work in some some work better in certain trains and other other advanced as we want to expand again. So in this instance, you'd see that the standard Pitchfork actually works better to help this trend actually did find some resistance almost you can see it as a retest. So once it actually broke out of the bottom of this diagonal support here, it actually used that level as a retest, broke back in, broke out, came back for a retest and continue onwards. So that's actually not very interesting.

So actually both help to explain what is happening here. Again, let's look at larger, the larger picture here. So let's choose from the high, low, high, okay, so again, we can see that price is staying with us. The top half of this Pitchfork over here. Not really breaking out of anything. Let's look at the other one should put Pitchfork and bam.

Okay, so this one's actually giving us a different picture so we can see how prices kind of zigzagging around this median line and then breaking to the lower segment here and you're still staying in this Pitchfork Okay, so nothing too interesting as day. So the sales pitch book that the Andrews Pitchfork and into speech for again always you can look at both is trying to work from day to day today. Yeah, in DC you can see where it actually tastes this and breaks out and re comes into the retest. Very interesting. She's much more concentrated, and yes, not as useful as suppose in this instance that help us to maybe identify this area of support. And always use your tools to insert this Pitchfork in conjunction with your horizontal labels, I think you'll get more accurate as you can see, with converges, so always use your tools in conjunction with one another.

Okay. Moving on fractals, so fractals are basically the spin points in the market, and they can be identified using a candlestick chart and looking for at least five candles with a high of the middle candle is higher than the two candles on either side. For a fractal or allow is lower than the two candles, I suffered down fractal actually deliberately to choice some examples here. So as you can see five candles and we have a standard up fractal here with your middle candle having a high that is higher than both of the candles next to it so if you see that his shoulders that would be your head so it's higher than the two candles next to it and you don't necessarily have to see the outer cannot be lower than the one next to it. Although that might be some might indicate some additional strength but you'd sometimes notice that say the second candle here would be lower than that one but doesn't really matter the fractal is identified when your middle candles hide in the other side.

So sometimes you find a non standard track booth, non standard fact fractal and is where you have a candle in the middle we it's actually hard And lower at the same time in the candles next to it. So, we this candle will show at some point a market so the market is coming up and moving down, this will actually show area of consolidation or indecision. Looking at a down fractal would be CA is your your lower candle lower than the two on either side of it. And something I want to point out is that sometimes you see that you have a friend performing on both sides of the same fractal where you have your eye lower than the highs of the two candles next to it. So maybe that's a bit of a strong indication of strength to look out for is I will in the end of the video show you how to easily add fractals and using a tool already included in something like trade view and And also some of the other charting packages.

So, pivot tables. Now, if there's one technical indicator that every trader should use these pivot points, or pivot levels now pivot tables are calculated as either your daily pivot a weekly pivot or a monthly pivot, and depending on the pivot period used are basically calculated using the average price of the previous pivot periods. So, let's look at an example. So this example is for calculating today's daily pivot, we're going to look at two different methods to calculate over there are various different methods to calculate pivots. But I think these two are the most popular. So a pivot is calculated by using yesterday's high plus yesterday's low class yesterday's lows and dividing that by three and that gives you two days and pivots.

So what I mean with calculate using the average profit of previous periods Always looking at if it's a daily pivot you can add the day before today, which is yesterday. And alternatively, that's just the case release method method to calculate pivot you looking at it as high procedures low plus two times yesterday's lows, so it's basically giving additional weight to the close which is closer to you know today. So, that would be another way to calculate your pivot. going the other way beyond the pivot only the are also levels of support and resistance that can be calculated from the pivot level and these are calculated as follows. So depending on which method you use, it would be a standard method or your release method. And you can calculate three or more levels of resistance or levels of support.

So most charting packages will already include these free resistance. They will walk resistive to resistance little free and support ones for to support level three. So this is just the formulas on how to calculate them. But so we'll show you in the next slide, these are actually already available in almost all charting packages to be added by default. Okay, so perfectly balls can almost be interpreted as a line in the sand, as prices are considered bullish above it and bearish below it. So the price will also sometimes tend to range and stay around the middle.

And the higher the level of resistance, in other words are one or two or three. So the more the resistance, the higher the level of resistance, the more resistance will become with price usually pulling back short of the thing or free or is free. So as I'll show you in the job shortly and the higher up, you're preaching these pivot tables, the more likely it is for you price to find resistance or support. Another important aspect of pivots it's called missed edits. And these are usually identify that will come into play when price hasn't hit the weekly pivot spin more specifically relevant to duplicate pivot of the previous week. And the reason is that at some point during the next week, weeks price should retain and hit the table that was missing the previous week, or even a week or two before that.

So let's just quickly look at an example. I'm just going to click off here, use the chart again. And we can't on a monthly timeframe. So let's maybe go lower to your one day time frame. That you go to indicators. You search for puppet To see the 7.2 standard, and just select that.

Now, you can't be seeing a lot of different pivots being drawn. If you go to the configuration gear ratchet over here, you'd see that you have an option to select which pivot you want to share. So reporting, it will automatically use the pivot for the pivot hired in the level you're at. So moving on daily, it's probably going to show you the weekly, but just it just stopped from monthly pivot or actually took a year liquidity, why not? Okay. So here are the pivots calculated with P being the pivot table or one less resistance, and you can actually see, so this is the pivot tables as you see over here.

That's the pivot iOS 2018 that has been calculated using 27 data and you can actually see how we find resistance on our One and we actually haven't hit pivot yet. So might be a sign of something too complex. But let's just look at our pivot table and let it be monthly. Okay, there we go. So, starting from January to January pivot square were created using data from December. You can see we starting on the pivot move to r1 moves to all three and around again all free and be finding overhead resistance.

Very, very, very, very big. breach breed for price to move much higher than our free you usually see price starting to move back off the edge or free. Okay, let's just maybe make things less stuttery and remove this show historical pivots. Okay, so what happens now is we only see Seeing debits for the last month which is the month of May we're currently in. We can see that the price hasn't budged daily activity eight it moved down to support one found some support, they move down to again, look at how beautifully this actually works. It touches support two moves back up, find resistance and see now support one becomes resistance moves back breaks is too and kind of on its way to is free all this level, more likely probably this level of support.

Going down to weekly pivots. It see just uses a week's data from last week. So what we've seen, okay, let's just move down to a four hour time frame. Okay, so there we are, we can see there's our pivot and almost touched up that not quite, maybe if we change the calculation method to release stay busy actually touch the pivot found resistance actually moved down lower. So yes that is pivots in a nutshell. And we will show you some more examples of pivot in the last slide.

Okay. Turpin actually labels, okay, so Fibonacci, it's appropriate to among technical traders, and it's based on the key numbers that was identified by a mathematician mathematician called Leonardo Fibonacci in the 13th century. I don't know if he was really a relative of Leonardo da Vinci or not, but I doubt it, but one of the most popular ways to trade using this method is called Fibonacci retracement. And the idea is to either trade the pullback to the Fibonacci level of around 61.8% all to get on board the trend at around this level after a pullback Now the retracement is created by taking two major swing points that should be like that high or low on a chart a stock chart and in dividing the vertical distance by the key Fibonacci ratios of 23.6 38.2 50% 61.8% and 76.4%. Now, the reason why I identified 61.8% as the label to look for is that's also called the Golden Ratio as you know this method method Titian and also some of later mathematicians have found that even in nature, you do find that ratio quite a lot.

So that's something you can go read up on Fibonacci levels of Fibonacci numbers quite interesting. But yeah, sometimes we do see a 50% retracement or even a 66.4 or even you know 25 or 38% retracement. So some always going to be perfectly retracement to 61.8% on the other side of the spectrum. These levels can also be extended by using the same vertical distance to help calculate possible target levels for breakout. So yeah, allow me to show an example of what I mean. We're going to go back to our Euro USD chart here might be going back to monthly.

It means just see if I can show you what I mean. Okay, this is going to be interesting one so looking for Fibonacci to the recipe nachi retracement. So you start off to calculate a retracement you start with the low and you looking for the RSI short to the high. So starting in the low ending at heart that represents 100% of the range and a retracement would be either to say a 20 2023 53.6% the 58% level around this this case we actually do see that it only went back to around this 58.2 retracement level in the didn t the 50 order the Golden's 61.8% level although, interestingly enough, I think we've seen this a bit further up the year. So this being your load at the new high, you see you see how you actually find support on the 50% retracement level here and then on your golden retracement level over a year actually very interesting and see the large shadows okay.

But that is basically what I mean with your Fibonacci tool. So maybe looking at one more example, actually in just to let you know I haven't cherry picked any of this up Just using the Euro USD, because it's a very popular forex pay and it show you in real time how to apply these tools to various charts. So just looking at a inverse example. I'm going to show the retracement from here. Oh and actually see what this tool actually includes the extension as well. But guess I'll just throw that retracement from the IV to the low day.

So that will be a swing point. And we see that retracement to around the 61.8% level as you can see with that rejection be close enough. Doing one more little extension work late. Let's see. Let's see. Let's see.

Let's see. Let's take this range of here. So, okay. So, what I did is I just thought of the low window the high as you can see you have an extension. So 50% would be a 50% extension 100% would be extension 100% from low. And you can see actually went to the 38.2% extension level exactly, also again very interesting.

And also, as I mentioned earlier, coincided very nicely with diagonal support. So, that is one way to calculate target levels or retracements. So, I just want to show you that. So, that was Fibonacci levels. Next gaps, so, nothing we want to look for the Chinese. These gaps and gaps have formed when the price jumps or spikes due to various fundamental technical factors, and your gaps can be identified by looking at a candlestick chart and looking for areas where there is an open space between the closing price of the previous bar and opening of the current bar.

And actually did show you some examples here. So what you see is the previous ball, it's a red candle. So that means you have you open it with open label, you have a close of the and technically you should see open around that same label. But what we're seeing here is you have a open that is actually quite a while what away away from you closing so that is what we consider a gap. And here's another example we have your closing price at this table and then the opening price of this so that leaves us a gap and this is something you can look for. Now.

The most common type of gap is the daily gap. that occurs between it flows and opening on the daily chart. But you also get intraday gaps in something called proof skips. intraday gap simply means that it's a gap that occurs lower timeframe than daily, because your delegate usually occurs because you know, price do not usually open at the same level it ended on the previous day. And that's just because maybe some fundamental news came out overnight to whichever reason. Now the thing of gaps are that they tend to act like magnets, often pulling price back to the thousand price that lift to get and essentially closing the gap, so to speak.

So actually didn't complete these examples but what you would have noticed in real life now, I'll show that to you on the chart maybe a bit later, is how price it at some points actually came back and it did again reach that level. So it may be wind down at the bottom. At some point, it actually came back to at least that level. So, that becomes a future target that gap simply you have this option. You see the gap forming here at this gap was actually closed right on the next candle, which is interesting. So you can see that you have your gap, and then you have a BAM as a little spike lower just closing that gap even on the second row again, but the gap closed.

So if you were to have taken a short position at this point over here and just put a target at the GAVI, you might have made a small and scalping profit at that point of the mentioned group skips a year now, Brooks or al Brooks is the guy and he identified a different type of gap in how this gap which is actually is looking at at the two candles say that a sip two candles separated by a middle candle. So, in other words, this scan on that candle. So he's trying to find gaps over the but he's not looking at the closing and opening but he's actually looking at the high low. So here's an example for Bruce gap. So you have an high over here and a low with it. Now this is like a gap, as you can see the that's a gap.

So he's actually saying that that also counts as a gap and that is also something that seemed to get close. And looking at this example over here. Not quite specific and subgroups cap on this. So I'm looking at that and that that that that that that that sir, no Brooks. gaps might be a very small one, it would be from that level to that high might be a gap not sure, but this definitely proves capability. Okay, so that is gaps.

So now, to conclude for free and also module nine We'll practically show you how to configure and set up a chart from scratch, drawing all support and resistance and identifying the fractals, the pivot labels and gaps and we will also look at drawing Fibonacci retracement. So just a summary of what we have done in this video. And so we would start the monthly timeframe and move on lower to a lower timeframe with identifying the major areas of support and resistance. And we'd look for large body candles and cancer, large shadows just to help us identify those candles and also look at some possible targets based on Fibonacci and get back to our USD candle. So here we are back on the monthly timeframe. So we actually did read that some of the word so I don't want to completely start from scratch by the game.

Just as a recap. So what we did, we started to say we started with pink and we identified For the levels of support and resistance based on these swing points so maybe through one year there was distance of the patio as you can remember how we use the candles that fissures rejection or large candles drying to our show areas of support and resistance. Okay, so let's move low I don't think we went all the way down to think we were on weekly. Yes, we did get into phi some of these tables already. Maybe it is true. Another one over here.

Yes, sir. It's a slippery you can see bears can have bam, found support right every day. So really, I can see this level of support. You found that again and again so definitely an area of support. So that's definitely an area of supported below MC in the future again. So already most of these labels were drawn using past data and you actually see our price respects these levels.

And something that I want to point out to you guys is that the places where you want to integrate on these tables you do not want to in Detroit and these open spaces, you want to wait for price to reach your, your major levels. So for instance, at this point you you expecting price to find resistance over here. As you can see, because there was definitely a port we sought senior sell off. And also this line probably acted as previous support and as you can see previous support and that became resistance up came down. Found some support resistance broke through it retested it came down. And that's so you would be looking to into the trades around these levels.

So to be safe, you can always anticipate some aggressive price reaction with price pulling back from these levels. But you you tend to see the price usually stay around for a while, consolidating on these levels, as you can see. So what you'd be doing, you'd be looking for a break out out of that consolidation. So at this point, you know, obviously, that's the point where you'd like to go short of that bracket. This is a weekly label. So this is massive moves, massive moves.

Yeah, so it's just add back some of those diagonal lines that we can let's just add back, some of them the things that were removed to recap. Monthly timeframe Okay, I'd like to add up our pitchforks back. Let's do that. Let's say actually wanted to it was remove that one. shorten that high, new high and you can even overlay that with the other pitchforks. Well, let's do that again.

Kissing it up. Yeah. Here we go. Okay, there we go. So I'm going to add that on indeed, as I feel that this actually might help guide us in the future. So moving down.

Yes. So let's just go down to your daily timeframe. Let's try and look for some gaps gaps gaps gaps on Fridays get CVC there is a gap but it could fall so gap BAM came back he filled that gap and the gaps closer to this table let's see if there was something left at this this area around about you know I don't see anything i what i do see on a daily level is that these sub support over here that we did not fall in so let's just use a horizontal line income when used lightly. So as you can see those large bottom bottom weeks that shows some buying activity or price rejection from this label. And again here there's a nice reversal pinball you can remember from candlestick patterns, so he's outside that's a very nice level of support. That's actually right where we add on now.

So it would not be strange to see some other consolidation maybe at this table for a while and maybe retracement but we'll have to wait and see if we were to draw a retracement with use of the bonacci retracement to and we'd start maybe from that swing point I would be through it to the bottom of the day. And then you can see this is not if the price were to continue back up. So we have to wait and see what happens. But once we identify the swing point or a fractal, which is not yet a fractal because we do not have the stony despotic lens and I'm not about to close below above that low then we have a threat on then we might start looking at this Fibonacci retracement and then we might look for retracement to around it. See we have tables coinciding.

Okay, so Yeah, look around here. Again, you can see there is some selling activity happening with a so I would suspect, go back to around this, this label. So price if price with a 10 year maybe I think price would even go a bit lower maybe still around to this. Which pivot are we looking at we're looking at a weekly pivot, the support one is one and it also coincides with this purple line of support. So I think we might see it, turn around around here and then maybe move into consolidation and then moving back to this purple line, some stage over a year. So that is how you use Fibonacci in conjunction with some of your diagonal and horizontal support and resistance.

What I want to show you is the fractals, so and the indicators you can search for fractals are also called Bill Williams fractals. That was Bill Williams. We'll see what happens As we go okay, I think these are only adding you up fractals so this is a different one. The trading view library actually has quite a bit of custom user submit this indicator. So you've got Williams reticle that's the Bolton one, that's the one we are looking for. Very nice to see today it actually identifies your fractals your turning points in the market.

And what you'll see always is a love followed by two higher lows, higher lows, both sides same the high end with two lower highs on both sides. So that is your swing points. And that's where you would assume plus i usually we would start looking for trades. So it always look for various factors coincide with your horizontal level search. Again, we are looking to enter trade of our disable the pink, purple label, or the purple or blue label event. And so if you were to see a trade go up, coming back into this purple label area, we can expect to see some some strong resistance and sellers coming in trying to push the price down.

But again, if you were to break through and if you were to close, get close above that high that fractal would be, it would be considered bullish, as you can expect price to maybe continue further on to our next level of resistance, which would be around let's just do some buying coming in. Is it around the that would be your next major level of resistance. So yes, that's pretty for your next resistance, you can maybe look for a loan right from around, they get to that table or if prescriptive, be rejected at this point, you can trade it back all the way to waiver distance which might be out of the blue line or the turquoise line or the purple line down yet. So you're always looking for trades below these major labels. That is how you look for trades trades should happen from one level to another.

You're only using your fractals you're matching all of those to help you identify those areas and helped you to find those Confluence factors or weak areas of Confluence with various tools or showing you your targets to be so interesting. We were still looking for gaps. Okay, let's just do this daily. So, again, yes. Yeah, that would be considered Bo Williams gap right over the day. So it would not be strange to see price at some stage going back to at least that level over the you can see the OSI is the low, small gaps that price might go back to run the I'm looking for a standard term gap a wonder these indicate the two gaps, see?

Gaps. Simple gaps let's see what happens. It's experimental. Okay, okay. I see at the bottom. I see at the bottom it actually shows something so these are red.

Okay, see, as you can see there's a gap right over there is a gap is the gap to see it. This is the gap. As you can see over the so yeah, that might mean that we mobile probably see this level roundabout again at some stage in the future. And that's actually ordered gifts shows you actually very nice that you have this library full of gifts. So you actually actually wanted to put it at overlying gift one See, sorry for spending so much time this now. Okay so it's just showing you how to beat that as well anyways and it just worry too much about that for now.

So I think we covered most of it. I started daily but yeah, you can always go down to your full hour time timeframe. I have my weekly pivots, you can change that to sorriness take it to a monthly now you can see such verbal color just so you can see that we are, you know, just bouncing finding some resistance on this is do or do now often do extremely interesting on the the pivot front daily pivots moving up. Okay, so yeah, that's it that is how you analyze and draw your support resistance on your shots. Hope that helped and I believe that would conclude that would conclude module nine and four three. Thank you very much for watching and if you have any questions, feel free to mail them to me at info at it's automated

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