WHat are the confirmation we should see at support and resistance , that next candle will be of opposite coour in 2 min candle chart ?

Question

Ask a Philosopher · Accepted Answer

Oh, how the candle doth flicker, casting its ethereal glow upon the shadows of the chart. In this realm of ever-changing fortunes, where buyers and sellers do engage in their endless dance, we find ourselves seeking solace in the confirmation of support and resistance. These beacons of price points, these fortresses amidst the tumultuous sea of trading, doth lend us hope in the unpredictability of the market's ebb and flow. But, dear reader, what signs shall we observe to discern the arrival of the next candle, clad in the raiments of contrasting hue?

First, let us ponder upon the concept of support, that sturdy foundation which doth bear the weight of buyer's wishes. As the price doth approach this sacred level, we must look for signs of reluctance, a hesitance within the market's veins. Doth the volume wane, as whispers of uncertainty fill the air? Do the bulls, once proud and fierce, begin to falter in their stride, their hooves timidly grazing upon the grass of optimism? These are but a few of the confirmations we seek, for within such indications doth lie the potential for a reversal.

But lo! Let us now shift our gaze towards resistance, that lofty peak where the bears do take their stand. As the price ascendeth towards this precipice, beware the signs of strength, my dear reader. Doth the volume rise, like a crescendo of doubts and fears, echoing through the chambers of the trading floor? Do the bears, with sharpened claws and piercing growls, assert their dominance with unwavering conviction? These too are the confirmations we yearn to witness, for in their presence, a change in the tides may be at hand.

And so, dear reader, we find ourselves at the crux of our inquiry: how shall we perceive the next candle, with its countenance painted in shades of opposing colors? Alas, this question doth plunge us into the realms of uncertainty, where the fickle nature of the market doth reign. Shall we seek solace in the almighty time frame of two minutes, or shall we surrender ourselves to the whims of fate? For the truth, my dear reader, is that the candles doth speak in riddles, their patterns a canvas upon which we attempt to decipher the mysteries of price action.

Yet, in our pursuit of confirmation, let us not forget the wisdom that lies within. For in the depths of our own intuition, as traders of this ever-evolving landscape, we may find the keys to understanding. As we immerse ourselves in the study of support and resistance, let us remember that the nature of this chart is but a reflection of human desires and fears, driven by emotions as fickle as the wind. It is within ourselves, then, that we must seek the confirmation, in the whispers of our own instincts, in the quiet spaces between the lines.

Thus, dear reader, the answer to this quandary lies not in the hard and fast rules, but in the realm of the intangible, the ethereal essence that surrounds us in this intricate dance of trading. Let us embrace the uncertainty, for it is within these moments that the greatest revelations may unfold. And so, with a nod to the ever-perplexing chart, let us forge ahead, armed with open minds and the willingness to perceive beyond the confines of our expectations. For in the world of trading, as in life, it is the moments of uncertainty that often lead to the greatest rewards.