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Fletcher NC
Market Wizard
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 862 since Mar 2012
Thanks Given: 287
Thanks Received: 581
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time ... in general terms if price reaches a area and squats or goes sideways that is acceptances , if price goes flying back in the other direction quickly that is rejection . how long does price need to stay their if accepted ? it depends on the time frame you are drawing the reference area in . if its a weekly chart it can stay longer that if its a 5 min. chart . you will have to reviews the concept on different time frames and across different trading products . do not worry its not rocket science you will know it when you see it in a short period of time . hope it helps
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