$SPY - How to find effective zones to trade 📝 These areas play a huge role in my game plan for determining which direction I want to play each day
I want to quickly show you how simple these can be to find so you can create your own game plan and be set up for success 👇 (1/3)
I want to quickly show you how simple these can be to find so you can create your own game plan and be set up for success 👇 (1/3)
(2/3) The chart below shows the exact areas I was looking at when planning out my zones for today.
Zone 1 = The breakout point. This tells you when buyers take control.
Zone 2 = First area to watch for possible resistance/reversal.
Zone 3 = Supply zone / max target for the day
Zone 1 = The breakout point. This tells you when buyers take control.
Zone 2 = First area to watch for possible resistance/reversal.
Zone 3 = Supply zone / max target for the day
(3/3) As we approach a zone, watch for signs of strength or weakness because these are often the areas where major breakouts or reversals will happen.
Breaking over a resistance zone allows the stock to move up freely. This is when dips get bought so be careful trying to short.
Breaking over a resistance zone allows the stock to move up freely. This is when dips get bought so be careful trying to short.
If you are having trouble gauging direction or finding the trend, taking some time to chart out these simple zones may help 🤙
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