Technical post homepage summary, starting to be updated continuously. For me, it's a systematic sorting and optimization. For friends, it's about building your own trading system together, which is the focus.
(Work hard, aiming for 100k followers this year)
What are support and resistance?

We know that the movement of prices comes from fluctuations in the variables of supply and demand.
Support and resistance are the positions that play a suppressive role in the price movement.
So, support and resistance are not specific prices; this is a common misconception.
It is a range, therefore support and resistance can be strong or weak. There is no support or resistance that cannot be broken; once broken, it is what we commonly refer to as a support-resistance swap.

Simplifying teaching and trading requires such a summary.
If the trading plan is still based on what I think, if maybe such operations, then you won't even get a 50% probability of long or short.

First, let's talk about support and resistance, then horizontal levels, and then structural levels. So yesterday's Wolfe pattern will not be difficult to understand.