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A new look at what is usually called "support and resistance levels(zones)" I hope to post in the DAO HIDDEN CODE thread.

The physics of the market. It's vertical. There are two vectors - up for buy and down for sell. The chart has a horizontal sweep and we see the vectors as trend lines. This statement can be interpreted as a description of the fundamental elements of market dynamics, which can be expressed in...

The term "support and resistance levels" dates back to the 1900s and reflects that level of market understanding. Nobody bothered. Copy and paste. BUT THEY DON'T! The concept of PRICE LEVELS or PRICE ZONES is much more accurate. Sometimes they behave as Lines, and sometimes as Zones. And...