Within a few hours, we already reached the target, strongly helped by the two major resistance levels at the top which put significant downward pressure on the price.
Our technical analysis was correct because ultimately the price moved lower quite rapidly and hit our target for a 2.4x return.
One thing is for sure.
We have probably the Best Support and Resistance indicator.
Moreover, by exploiting its reliability, we were able to develop a very profitable Support and Resistance strategy for the long-term.
Do you usually exploit Support and Resistance levels in your trading strategy?
Or maybe you prefer trading very long trends, like this one?
Feel free to share your approach to trading by leaving your comment on the YouTube video above!