Price Action of the DayDirexion Daily Financial Bull 3X Shares (FAS)Exchange Traded Fund3min chart
This particular WRB S/R Zone via
tutorial chapter 6 controlled the price action for the remainder of May 11th Monday and provided the key change in supply/demand for other key WRB S/R Zones (not shown) that controlled the price action that resulted in the big price decline soon after the opening bell on May 12th Tuesday.
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Note: There are many WRB price actions on the attached chart. However, not all WRB's are the same and only a few represent a key change in supply/demand that can be used to reveal which of your trade signals has the highest probability to result in a profit along giving you the option of using key WRBs as profit targets...resulting in a better understanding of the price action you're trading and improved trading performance of your trade strategies.
(WRB Analysis for traders to improve the performance of their own trade strategies)
http://www.thestrategylab.com/WRBAnalysisTutorials.htm (Trade Strategies and WRB Analysis for traders that need profitable entry signals with efficient trade management)
http://www.thestrategylab.com/TradingReports.htm Regards,
M.A. Perry
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