Peculiarities of the pattern’s formation and use
While most beginner traders beat their brains out to find support/resistance areas, experienced traders simply watch the chart. The bulls or the bears’ inability to break beyond a particular level signals the presence of buyers or sellers in immediate proximity to that level. It often shows itself in the formation of 2 or more bars with equal extremums. They help identify the support/resistance areas both in real time and some time later because the market has its own memory: having faced a barrier once, it remembers the place where it happened.
Read full author’s opinion and review in blog of #LiteForex