[Question] The more I pay attention to the high and low, the more I immediately update the high and low, causing infinite re-drawing to continue. How can I grasp them properly, like recognizing a ceiling and a floor? [Answer]
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【Questioner】
The more I keep an eye on high and low, the more
I end up updating the highs and lows immediately
and the infinite re-drawing doesn’t stop. How can I grasp the ceiling and floor properly?
Or is that kind of thing impossible?
【Answer】
Well, there are limits, after all.
Ultimately, in the market, if the momentum doesn’t stop, it won’t stop;
and if the market is moved, any market goes up and down, leaving you at a loss.
So you should not cling to it too much and recognize the market’s ambiguity and use it.
Whether it’s support/resistance or technical analysis, in the end deception can occur,
so recognizing that, and understanding how much the market tolerates ambiguity,
by examining the status of support/resistance in the long-term and other timeframes,
you can handle it well, and you won’t get so worked up about updating highs and lows.
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