Reply To: Excercise4
Hi Chris, your lines look good. One thing you might find helpful is to try and imagine how that distribution of volume lies (remember the bell-curve example we used in the lesson?). If you’re looking for a resistance level you’d want the line to sit just below the bulk of the volume (you can use the bottom of candlestick real-bodies, or the midpoint when you get long ones). Vice-versa for support: you’d want your line to sit just above the bulk of the volume (top of candle real bodies).