By the end of this session you will:
- Understand how key reference areas help you decipher the market better and the type of information they can provide
- Understand the first two major key reference areas and what information they give us under different scenarios of market behavior
- Be able to pinpoint important buying and selling tails on various time-frames
- Be able to pinpoint important range extremes on various time-frames
The benefits this session will give you:
- Once you can pinpoint these two major key reference areas and know how to interpret price behavior with regards to them, your understanding of market behavior as a whole will be greatly improved. Zeroing in on these key reference areas will also allow you to become much more adept at deciphering the odds of different scenarios unfolding. Instead of looking at a chart and waiting for patterns and indicators to line up, you’ll be looking beneath the surface and gauging what the other market players are doing and who is in control of the markets. This will make all the difference in your market understanding and trading.
DOWNLOADS
Reading the Market Using Key Reference Areas (Part 1) Key Takeaways (PDF)
Reading the Market Using Key Reference Areas (Part 1) Drills (PDF)
Reading the Market Using Key Reference Areas (Part 1) Answer Key (PDF)