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Technical post homepage summary, starting to update continuously. For me, it's a systematic sorting and optimization, and for friends, the key is to build our own trading system together.
(Work hard, this year aiming for 100k followers)
What are support and resistance?

We know that the movement of prices comes from fluctuations in the variables of supply and demand.
So, support and resistance are: the positions that play a suppressive role in price movement.
Therefore, support and resistance are not a specific price; this is a common misconception.
It is a range, so support and resistance can be strong or weak; there is no support or pressure that cannot be broken. After breaking through or falling below, it is what is commonly referred to as the switching position between support and resistance.

Simplifying teaching and simplifying trading requires such a summary.
If the trading plan is still based on what I feel, or perhaps this operation, then you won't even get a 50% chance of winning.

First, let's talk about support and resistance, then horizontal levels, and finally structural levels, so yesterday's Wolfe pattern will not be difficult to understand.