my issue though is every time that support is re-tested it
weakens. A dark analogy would be a little kid on the frozen
pond jumping up and down on one spot for too long, eventually the
ice cracks and he falls through, I think a stock testing support
too many times is the same way
yep and if you zoom
IBB (BIB) - Came down from a double top .... ...
Posted by matt on 16th of Nov 2018 at 10:32 am
yep and if you zoom out more you can see just how important that 100 area has been been tested 9 times over the last 2.5 years
my issue though is every
Posted by matt on 16th of Nov 2018 at 10:33 am
my issue though is every time that support is re-tested it weakens. A dark analogy would be a little kid on the frozen pond jumping up and down on one spot for too long, eventually the ice cracks and he falls through, I think a stock testing support too many times is the same way
I like that analogy ....
Posted by mla127 on 16th of Nov 2018 at 10:39 am
I like that analogy .... and I agree ... the more price become comfortable around a support area the more it increase the odds of breaking it ....