Major Pivot/Turning points, gap windows and gap fills are also considered good levels. Moving averages are good levels too. But there are rules for these levels, usually only the first bounce or two are valid, the rest are more prone to pierce through and breakout.
To increase your performance, you shall always enter your position very close to a level obviously, thus your stop will be very tight and your risk/reward ratio optimized. But not all levels are good, especially if they were tagged previously short term. So judge carefully
Finally, watch for topping and bottoming tails, they are generally good levels when they are at the very top or bottom of the chart respectively.
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Knowing what and where support / resistance levels or areas are is an art not a science . Using indicators to define these levels deadens your ability to detect how price will react to them . You owe it to yourself to take the time and effort to learn how to first define and then exploit SR . That said , fractals or donchian channels are the best indis for SR .
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I believe in manually drawing S/R lines based on recent and sometimes not recent price action (if outside of your current charts range).
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Look at price bang against .43 and then move down. I draw a line there to draw attention to this price point. About 30 minutes later, price returns, trades 1 tick above, and then closes low with some speed. Good time to get short. Look for signs the move down is done. One sign would be the same thing in reverse. Draw a line at .13, watch how price reacts when it gets there. Moved below a few ticks, closed high, then bounced a few times on the way back up to the resistance line we have from before. So, will keep an eye out here.
There is now a triple top there at .44 in play, but I would rather have a break and then a sign we are moving down again personally. And, we may be in the start of another push back to 60s from the 20s here. I am flat at the moment.
Hope that may give you a new thought on S/R possibilities.
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