odd enhancers (OE)-
i have taken this term OE from OTA. what are the odds in our favor before placing a trade. I look for couple of things will keep adding them.
1) how price has reached the particular S/R. is it an impulsive move or an over lapping move? this tells the strength of the move to S/R.
2) is there lots of momentum before S/R either on the upside or down tht creates S/R. this tells us preceding strength.
3) candlesticks body and wick analysis, who is in control bulls or bears with price reaching to S/R. broadly there are only two types of candlesticks trend candlesticks and indecision candles.
4) see the probable reward. do we have major resistance in care of long just above the entry or a clean passage. if resistance is there avoid the trade.