FUG MTL COMMUNITY 🦅

Good morning everyone

Hello guys

Hope we re all good 👍

Yes very good sir. The bull run is back sir

Infact that is a good news for we traders 🙂‍↔️

So tonight we will be discussing about technical analysis

You have to pay close attention to one thing on

the chart if you trade naked: price. Price is king.

Price will tell you all you need to know. The

wonderful thing that all markets have is this: a

history. The market will tell you where the sweet

spot is on the chart. These sweet spots will be

the foundation for everything you do as a naked

trader. A sweet spot on the chart is a support and

resistance zone. You may be familiar with the

concept of support and resistance, however,

support and resistance zones are different from

what many traders characterize as support and

resistance. I will call these support and 23

resistance zones by one word— zones. The eight

important characteristics of zones are as follows:

So tonight we will be discussing about technical analysis

Zones are an area, not a price point.

 Zones are like fine wine; they get better

with age.

 Zones are spots on the chart where price

reverses, repeatedly.

 Zones may be extreme highs or lows on

the chart.

 Zones are where naked traders find

trading opportunities.

 Support and resistance zones rarely need

to be modified.

 Line charts help naked traders find zones.

 Zones are often seen by many traders.

You may want to take a closer look at each of

these eight characteristics. It is incredibly

important that you understand how to draw

zones, why you should draw zones on your

charts, and understand when these zones become

critical for your trading. 24

You have to pay close attention to one thing on

the chart if you trade naked: price. Price is king.

Price will tell you all you need to know. The

wonderful thing that all markets have is this: a

history. The market will tell you where the sweet

spot is on the chart. These sweet spots will be

the foundation for everything you do as a naked

trader. A sweet spot on the chart is a support and

resistance zone. You may be familiar with the

concept of support and resistance, however,

support and resistance zones are different from

what many traders characterize as support and

resistance. I will call these support and 23

resistance zones by one word— zones. The eight

important characteristics of zones are as follows:

Zones are an area, not a price point.

 Zones are like fine wine; they get better

with age.

 Zones are spots on the chart where price

reverses, repeatedly.

 Zones may be extreme highs or lows on

the chart.

 Zones are where naked traders find

trading opportunities.

 Support and resistance zones rarely need

to be modified.

 Line charts help naked traders find zones.

 Zones are often seen by many traders.

You may want to take a closer look at each of

these eight characteristics. It is incredibly

important that you understand how to draw

zones, why you should draw zones on your

charts, and understand when these zones become

critical for your trading. 24