Summary
Trading with failure can provide advance warning for a move to give aggressive traders an additional profit opportunity. It also lets the traders quickly know when they are wrong, to minimize losses. Like all technical trading indicators, confirmation from other technical indicators is the key to understanding the market’s true intentions.
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Confirmation from other technical indicators is the key to understanding the market’s true intentions. |
It cannot be stated enough—be flexible in your interpretations and open minded enough to adapt to the market.
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