WCSE Market Insights ๐Ÿ“Š
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ๅŠ ๅ…ฅ้ข‘้“
๐Ÿ˜ณ๐Ÿ˜ณ๐Ÿ˜ณ๐Ÿ˜ณ๐Ÿ˜ณ
If you follow the โ€œtheoriesโ€ above, it would cost you money in the long run. Because these are the biggest lies about Support and Resistance trading strategy.
And itโ€™s not your fault because these are stuff thatโ€™s being taught in trading books and courses.

But donโ€™t worry.

After reading this trading guide, youโ€™ll never make these mistakes again.
โœ๏ธโœ๏ธSpecifically, hereโ€™s what youโ€™ll learn:

๐Ÿ‘‰๐Ÿพ The 5 things about Support and Resistance (losing traders are not aware of)
๐Ÿ‘‰๐Ÿพ How to find favorable risk to reward trades
๐Ÿ‘‰๐Ÿพ How to tell when Support or Resistance will break, so you donโ€™t enter trades at the wrong time
๐Ÿ‘‰๐Ÿพ A Support and Resistance trading strategy โ€” that lets you profit from losing traders
Hey!!! Are you ready?

Then letโ€™s get started.
๐Ÿ“Œ๐Ÿ“ŒTruth #1: The more times Support or Resistance (SR) is tested, the weaker it becomes
First, letโ€™s define Support and Resistance:

Support โ€“ Area on your chart with potential buying pressure

Resistance โ€“ Area on your chart with potential selling pressure
Now:

Youโ€™ve probably read trading books that sayโ€ฆ the more times Support or Resistance is tested, the stronger it becomes.

But the truth isโ€ฆ

The more times Support or Resistance is tested, the weaker it becomes.
Hereโ€™s whyโ€ฆ

The market reverses at Support because there is buying pressure to push the price higher. The buying pressure could be from Institutions, banks, or smart money that trades in large orders.

Imagine this:

If the market keeps re-testing Support, these orders will eventually be filled. And when all the orders are filled, whoโ€™s left to buy?

Hereโ€™s what I meanโ€ฆ
๐Ÿ“๐Ÿ“๐Ÿ“Pro Tip:๐Ÿ“๐Ÿ“๐Ÿ“๐Ÿ“

Higher lows into Resistance usually result in a breakout (ascending triangle). Lower highs into Support usually results in a breakdown (descending triangle).

Letโ€™s move onโ€ฆ
๐Ÿ“Œ๐Ÿ“Œ๐Ÿ“ŒTruth #2: Support and Resistance are areas on your chart (and not lines)
This is a mistake Iโ€™m guilty of. Treating Support and Resistance (SR) as lines on my chart.

Why?

Because youโ€™ll face these two problems:

๐Ÿ‘‰๐Ÿพ Price โ€œundershootโ€ and you miss the trade
๐Ÿ‘‰๐Ÿพ Price โ€œovershootโ€ and you assume SR is broken

Let me explainโ€ฆ
โŒโŒ Price โ€œundershootโ€ and you missed the trade

This occurs when the market comes close to your SR line, but not close enough.

Then, it reverses back into the opposite direction. And you miss the trade because you were waiting for the market to test your exact SR level.
โŒโŒPrice โ€œovershootโ€ and you assume SR is broken

This happens when the market breaks your SR level and you assume itโ€™s broken.

Thus, you trade the breakoutโ€ฆ but only to realize itโ€™s a false breakout.
So, how do you solve these two problems?

Simple.

Treat Support and Resistance as areas on your chart, not lines.