I often here or read chart analysis that point out supports and resistance only to be broken or in most cases only last for a few short while. I would like to let the readers of my blog in on something that would be considered common sense, and that is "Always know what time frame your looking at". By that I mean looking at your indicators to see which one is reversing and which one is still on trend.
A 15min chart with a reversal indicator is only good for 15min to an hour or so, yet it maybe that its daily is still on a down trend. Therefore, don't take someone's comment of a support or resistance as a definite bottom or top. Try to figure out what type of time frame they are analyzing. See if the bounce or resistance falls inline with your trends.
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