T-LEVELS
T-LEVELS
How to use T-LEVEL
There are three ways to trade T-Levels:
Key level approach: Prices tend to retest support and resistance levels, until broken. Thus, traders can Buy when price is approaching Resistance , and Sell when approaching Support
Key level breakout: If the price breaks through a key level, it tends to continue in its path for a while. Thus, traders would Buy breakouts through Resistance level, and Sell breakouts through Support levels.
Key level bounce: Another possible setup is to wait for the price to enter the Support zone and Buy it then, since most of the time it will bounce off the Support level. Vice versa, traders can wait for the price to enter the Resistance zone and Sell (or short) it then, since it’s most likely to bounce back down.
Key levels (horizontal support and resistance) are pillars of technical analysis because these are areas where a lot of trading action happens!
Now, you could look at thousands of charts across multiple time intervals to identify support and resistance levels, or you can use our T-Level to plot that for you. Choice is yours.
T-LEVELS In Depth
LITS
T-LEVELS is a very unique way to look at the market. Set your chart to 30 Min to look at the overall market conditions of any financial instruments you would like to trade and when you get an idea, then switch it to a 30 Sec. / 1 Min Chart and you are all set to trade. You could add our proprietary indicator package for more confluence and confirmation.
What is LITS?
White line, we call that line, LITS, LINE IN THE SAND, if the price is over the LITS / white line or breaking up the white line, any financial instrument is bullish and has a high probability to go up and hit the corresponding lines as targets, same concepts applies to down move. if the price is below the white line (LITS), or breaking down the white line (LITS) any financial instrument is bearish and has a high probability to go down and hit the corresponding lines as targets.
Targets are pre-defined by T-LEVELS Static Or Dynamic with Extention or Exhaustion
- Daily Inflection Point (WHITE LINE)
More In Depth
Gray Zone -Extension-Exhaustion
Gray Area
The Gray area is the Daily Range, when the price is outside of the gray area, the instrument is ready for the extended move, it means the instrument is very bullish or bearish for whatever reason. Use the extension line as the target
Extension
The extension line will show you the extended move and the target. Turn on and off as you need.
Exhaustion
Price may continue to go outside of the extended move usually happens on news releases. At that point the price has reached the exhaustion point and the price will reverse and go for corrections. you could see these exhaustion levels to fade the move or just flatten all positions and reverse. In short reversal is imminent
- Extension: Yellow Line. II Exhaustion: Red Line
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- Some Templates may have more than 5 indicators TV Pro Plan may not load the all indicators
- Base Template, Add / Remove Additional Indicator As Needed
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