Using the high to low prices of the September FOMC, and the range expansion tool to project measured moves, prices have been forming support and resistance levels based on the ONE 8 Hour candle of when that FOMC release was at 2pm on September 18th.
High: 42,415
Low: 41,855
33%: 42,230
50%: 42,135
The range expansions are of 0.5 increments.
I have been using this information to make all of my trading decisions based on where is support and resistance.
Have you ever wondered why price forms support and resistance? Well this is why. It revolves around FOMC.
High: 42,415
Low: 41,855
33%: 42,230
50%: 42,135
The range expansions are of 0.5 increments.
I have been using this information to make all of my trading decisions based on where is support and resistance.
Have you ever wondered why price forms support and resistance? Well this is why. It revolves around FOMC.
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