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Schrader's we are on the final model and this model which is Mundial 3.9 we will be talking about true
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support and resistance.
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These are the areas where usually fake outs happen at the very peak at the very bottom of OK and are
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prone to getting fake outs.
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All right.
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We should always look up one timeframe higher to see how the candles actually for Stiger to some charts.
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Che.
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I'm looking at a very nice area here.
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Right.
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So we're probably looking on the age four.
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And to us it seems that price break to the downside.
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OK.
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Which it did briefly.
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But it shot to the upside immediately very strongly.
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This is not considered a breakout.
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This is simply a Faygo because why on the daily.
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This is what happens here.
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This is what you see here in THE SITUATION it shows big body candles.
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And in some cases it simply shows Wick's OK.
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So we're going to ignore this level here and simply just understand that the real supply level sits
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on this horizontal line.
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Right.
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Christ came back down to retest it three times right and then it moves to the upside.
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So all we have to do is look up one time frame here and see how the candle forms.
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OK.
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So for daily trader remember this is not a breakout simply fake out.
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It's just manipulations.
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And the real orders are sitting down with this one here which is true the man of true support level
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don't want to hear
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right.
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This whole thing is just a fake out.
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I know the truth right here.
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The orders came in again.
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One two three four simply ignore this area here because again on the daily see that two long weeks it
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means nothing for the daily traders.
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It's just a fake out.
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Right now you guys can see how powerful this is and by identifying the real support of the man.
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Well.
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There are lots of trade opportunities you can take here.
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Another one here the same chart
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see the Whenever price made a really quickly versus this is a V-shaped reversal.
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This is also a fake out essentially remember sometimes it happens longer than just a week or so.
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KENDALL In this case it's a few NOS.
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And again how do I know this is real so Thailand little look at how they reacted to it the second time
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and the first time you came back.
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Right.
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It's respected.
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So that's consider the chart
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17 first of November right there.
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It's not a wig it's just a big ball this channel followed by a rent.
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Let's find one let's take them both.
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OK.
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Right at this peak here.
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Take out reverse retest entry opportunity here.
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It's definitely a less risky to enter after the price has turned.
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This is what identifies the turn of direction as previously described in what to see what happens.
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And let's take a look at how the kind of form on a daily
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right here.
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Big Bush followed by a red and gold thing kindo
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two guys.
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This is not the crucial vote that we have to pay attention to.
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And being able to identify this true supply and resistance level would definitely give us an edge in
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the markets.
5264
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