Retest the downtrend from ATHs (BTC) market structure (S/R flip)
Hello traders,
Many traders who use technical analysis hear phrases that suggest a "broken support level will become a future area of resistance" or that a "previous level of resistance will become a support."
For beginner traders, phrases like this sound like they're spoken in another language, and even many experienced traders never fully understand or appreciate this intriguing role reversal. This article will attempt to shed light on the importance of support and resistance levels and illustrate why traders should take particular note when they reverse roles.
(S/R flip)
Please do me a favour and hit the like button or leave a comment to show your support to my page.
👍
Many traders who use technical analysis hear phrases that suggest a "broken support level will become a future area of resistance" or that a "previous level of resistance will become a support."
For beginner traders, phrases like this sound like they're spoken in another language, and even many experienced traders never fully understand or appreciate this intriguing role reversal. This article will attempt to shed light on the importance of support and resistance levels and illustrate why traders should take particular note when they reverse roles.
(S/R flip)
Please do me a favour and hit the like button or leave a comment to show your support to my page.
👍
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