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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

626 days ago by in Technicals , Videos | You can follow any responses to this entry through the RSS feed. You can leave a response, or trackback from your own site.
  • Alexander

    Steve, I've been always amazed how clear, concise and practical your videos are. Each one has some truly golden "nuggets". Thank you for your effort!

  • Mark

    hi, video doesnt work for me

  • nobrainertrades

    Might have something to do with flash on your machine? Seems ok here.

  • nobrainertrades

    (hat tip) Happy to help thanks!

  • crost

    great video…
    thx alot

  • prochargedmopar

    I like it, combine with Chris's Price action info this is great stuff!!!

  • http://twitter.com/PLooB @PLooB

    Absolutely brilliant. I like how you go through PA on M1 and H1 TFs.

  • http://twitter.com/plukin @plukin

    I really wanted to watch over your shoulders for some time :) It's crazy! Remembering the price action how it was in real time..watching your video and I'm showed what was all there and suddenly it makes sence.. You know so much.. Love it, thanks
    But this one really got me "whenever you have no clue start drawing diagonal tl's" :D

  • Gary

    As usual Steve……Great stuff!!!! Thank you for sharing!!!!
    Gary