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Identifying the Resistance Level
Some time ago, I posted a similar query in “Scanning.” But, my query is really about charting, no scanning.
Support and resistance levels are very dynamic and, to newbies like me, oftentimes, they are not easily recognizable.
To identify the resistance level, picking the 3 highest closing prices within a timeframe is easy. Deciding the timeframe is not. To buy long calls that will be closed sometime between a week and a month, what timeframe do you suggest?