Hi everyone!
Let me state 1st off any and all feed back is welcome, negative or hopefully positive lol
So What I was hoping to get is some feedback from others on my way of how I see and draw my S/R Lvls, are they correct, in the right places or am I off and how much and why.
-Below is the chart of my 6E sim account I have numbered the lines so i can state below the reasoning of the S/R line.
-The markers are not buy or sell nor entries, they are there to show the reasoning of why i chose to draw my S/R lines, the markers will point to the correct line at those points.
- The bold lines are my idea of major S/R.
- The Boxes are lows of candles with wicks I take these as possible range areas as well.
1-Major S/R because of Highest high in that section of the cart
2-Minor with PA hitting the line in both directions, up and down and next HH
3-Minor with PA hitting the line in both directions and next HH with multiple hits
3-Box High of candle and wick and next HH
4-Major S/R with a lot of PA hitting it both up and down
5- Major S/R with a lot of PA hitting it
Below are more S/R lines but are plotted for the same reasoning as the ones above.
What Im looking for help or confirmation on is the following.
"Do you think"
- My idea of Major and minor is correct or wrong and why
-Are there ones im not seeing and if so can you help point out which ones so i can study more
-Confirmation of correct ones and why
-Correction of my S/R lines and why you think they are wrong/misplaced
-In issues like the #2 line and #3 box should i have just made my #3 range box go to #2?
-I think major S/R lines are the HH LL of the bigger moves and areas where price will hit like in #4 and #5, is this a correct way to identify Major S/R
-Any other input you would like to add outside of my questions is definitely welcome.
Ty so much to those that take the time to read and post back, I will appreciate all answer good or bad.