Lesson 5 best support and resistance different highs and lows types 2 on 2 V shape formations
Channel: My Frenchy Trader
Date: 2018-10-30

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V Shape SnR and extremes:
Strong rejections of the level without the price being able to stay around those level; this shows a lot of orderflow there and likely when it comes back to it you can expect another nice rejection
o Strongly rejected level with a little range at it:
 The strong rejection of it is a strong clue for a next good rejection and a little range at the level means it was a strong level of interest and there was a bit of indecision to break it or not , it can means also that this level will work well in both direction, as a Support and also as a resistance
 The quality of the last rejection on a specific level is a good clue to tell you if it will be good next time it will touch it
o Strongest levels having confluence over time between several rejection on spikes + Middle of a range+ Broken by a big candle