Implications of Key Levels & Price Exhaustion Overview

Main Points:

• Price trades above a key area, buyers keep buying, price trades below a key area, sellers keep selling

• Look for congregation or blocks of order flow and then confirm movement through subsequent activity

• Be aware: draw trendlines and understand how they are being used on but a long and shorter term basis; everything happens for a reason

• Watch price around certain times of day: 1. what price is doing leading into it and 2.what happens at that approximate time

• Boot pattern is caused by a spike/drive lower or higher; at the base or top a local significant high/low causes the consolidation

• Use price symmetry to determine feasible price exhaustion points to avoid getting eliminated on premature fades