The more time that elapsed between the last time a support / resistance level is attacked, the less significant that support / resistance level. Time is somewhat relative, because the significance decreases much faster on a forex chart than 5 minutes on a forex chart 1 week. The idea here is that a support / resistance level is less important as the time since the traders who came to the graph where the support / resistance level exists, with that level came into contact.
1 comments:
nice post. im also going to start forex. keep posting. best regards from Trick hunters admin
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