KEY LEVEL (1/3) - Support & Resistance (S/R) Flip Zone:
We are going to look into the first type of key levels
👑 Support & Resistance (S/R) Flip Zone 👑
Like & RT appreciated ❤️
🧵1/19
#alanstapa #technicalanalysis #priceaction
We are going to look into the first type of key levels
👑 Support & Resistance (S/R) Flip Zone 👑
Like & RT appreciated ❤️
🧵1/19
#alanstapa #technicalanalysis #priceaction
✳️ The concept of key levels is very important in technical analysis (TA).
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🧵2/19
In this thread, we will cover:
➡️ Outline of S/R flip zone
➡️ Identifying S/R flip zone
➡️ Story behind S/R flip zone
➡️ Bullish and bearish types of S/R flip zone
➡️ Practical trading examples with S/R flip zone
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➡️ Outline of S/R flip zone
➡️ Identifying S/R flip zone
➡️ Story behind S/R flip zone
➡️ Bullish and bearish types of S/R flip zone
➡️ Practical trading examples with S/R flip zone
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Outline of S/R flip zone:
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Identifying S/R flip zone (Bullish scenario):
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Step 1: Look for a horizontal resistance🔴 having at least 2 points rejecting the price to break above it.
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2. When a breakout🟠 is identified, the previous resistance🔴 turns into a possible support🟢.
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3. Support🟢 is then confirmed when price fails to breakdown. The support level finally turns into a S/R flip zone🟣.
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4. Buy order🟡 could be placed when it retraces back onto the S/R flip zone🟣.
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Story behind S/R flip zone:
✳️ An extremely important concept in price action
Q: Why S/R flip zone could potentially be the enter point of a trade?
A: Buying power comes from:
1️⃣ Range trader
2️⃣ Breakout trader
3️⃣ Trend trader
4️⃣ Random trader
5️⃣ Competent TA trader
🧵10/19
✳️ An extremely important concept in price action
Q: Why S/R flip zone could potentially be the enter point of a trade?
A: Buying power comes from:
1️⃣ Range trader
2️⃣ Breakout trader
3️⃣ Trend trader
4️⃣ Random trader
5️⃣ Competent TA trader
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🐃Bullish strategy at S/R flip zone:
1. Resistance identification
2. Support identification
3. Place a buy order at S/R flip zone
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1. Resistance identification
2. Support identification
3. Place a buy order at S/R flip zone
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🐻Bearish strategy at S/R flip zone:
1. Support identification
2. Resistance identification
3. Place a sell order at S/R flip zone
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1. Support identification
2. Resistance identification
3. Place a sell order at S/R flip zone
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TA techniques could be used in all instruments, like spot, future or derivative.
In the following examples, Binary Option is used for demonstrating this strategy. This is a simple way to execute your trades with only choosing the direction (up↗️/down↘️) and timeframe⏳.
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In the following examples, Binary Option is used for demonstrating this strategy. This is a simple way to execute your trades with only choosing the direction (up↗️/down↘️) and timeframe⏳.
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Practical 🐃 trading Example 1 of S/R flip zone:
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Practical 🐻 trading Example 2 of S/R flip zone:
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Looking for key levels is only the first step🩻 in trading.
Interpretation🖥️ and integration🔗 with different TA techniques🧑🔧, confluence🥣 and momentum analysis🌊 of price is crucial as well.
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Interpretation🖥️ and integration🔗 with different TA techniques🧑🔧, confluence🥣 and momentum analysis🌊 of price is crucial as well.
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A series of educational thread🧵 will be given out from time to time.
Search🔎 #alanstapa (standing for Alan’s technical analysis and price action) for more tweets.
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Search🔎 #alanstapa (standing for Alan’s technical analysis and price action) for more tweets.
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More to come 🔜 …
• Breakout zone
• Base candle zone
• Channel (Ascending, Descending and Rectangular)
• Pennant / Triangle
• Break of Trendline
• Range Axis
• Fibonacci 0.618
• 🔄
• 🔄
• 🔄
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• Breakout zone
• Base candle zone
• Channel (Ascending, Descending and Rectangular)
• Pennant / Triangle
• Break of Trendline
• Range Axis
• Fibonacci 0.618
• 🔄
• 🔄
• 🔄
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Don’t forget to RT.
Much appreciated ❤️
<END>
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Much appreciated ❤️
<END>
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