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The Series : UNDERSTANDING KEY LEVELS - [Episode 1] I’ll be showing you the types of key levels we have, as well as what to expect from every one of them. Like & repost for others to benefit from it. A thread 🧵
Key levels are decision points. We basically have three types of key levels. First is the A shaped key level which is where you’re expected to sell from. Second is the V shaped key level which is where you’re expected to buy from.
Third is the Open-Close Key level. We have the bullish o/c (it consists of two bullish candles) - you’re expected to buy from a bullish o/c KL. And we have the bearish o/c (it consists of two bearish candles) - you’re expected to sell from a bearish o/c KL.
If you’ve come this far, here’s a bonus for you. • Make sure the KL has Liquidity resting below it above it. • Make sure the KL breaks structure. • Switch to lines chart to see your A & V shapes clearly. What happens when your KL gets violated? See you on the next episode