S&R, whether lines or zones, although I've moved from line to zone is a partial factor to the bigger picture.
What we have learnt is that when either all or most of the indicators align, you pull the trigger.
Therefore, with S&R, you look at the number tests/retests and rejections that occur in the brief consolidation phase and then whether the fundamentals of the stock or sector or market are in line and base the BO or BD.
Play chartgame where you'll only have pivots and S/R, then you'll realize its not that easy. I have a win ratio of 61% and 1.5x Reward on a trade
What we have learnt is that when either all or most of the indicators align, you pull the trigger.
Therefore, with S&R, you look at the number tests/retests and rejections that occur in the brief consolidation phase and then whether the fundamentals of the stock or sector or market are in line and base the BO or BD.
Play chartgame where you'll only have pivots and S/R, then you'll realize its not that easy. I have a win ratio of 61% and 1.5x Reward on a trade