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RE: A little nuanced bit of PA - the QM
Why would the wick entering into that spot indicate that it's been invalidated ? Just one retest invalidates a zone ?
Why would the wick entering into that spot indicate that it's been invalidated ? Just one retest invalidates a zone ?
Yes, it's essentially acting as a support/resistance line, so the more times that it's hit, the less effective it is
I only look to trade at first time back to fresh levels because it'll get the majority of the unfilled orders and produce the biggest reaction