Confirmation from the price action

Identify key support and resistance levels on a 4-hour timeframe for informed trading decisions. Focus on price reactions and confirmations at these critical levels to guide your strategy.

5/28/20241 min read

4-hour price chart with identified support and resistance levels, indicating critical points for pot
4-hour price chart with identified support and resistance levels, indicating critical points for pot

On a 4-hour timeframe, the support and resistance levels of the price range have been identified. When the price reaches either of these specified levels, we can focus on the price reaction after receiving confirmation from either direction. This approach allows us to make informed trading decisions based on the observed price action at these critical levels.