II.11. Learning to identify levels.

Usually, the levels are located near round numbers or in places where bars of the same price overlap for a long time period. Levels are usually determined on daily charts (1 bar = 1 day). If necessary, levels are determined on smaller timeframes: four-hour, hourly, fifteen-minute, etc. The correct definition of levels and their identification allow the trader to feel quite comfortable in the market, making more profitable trades, because the levels tell the trader what will happen next. Let’s consider examples of level placement in addition to the previously considered examples.

Fig.72. VTB JSC action. Levels.

Fig.73. Rosneft stock. Levels.

Fig.74. Novatek share. Levels.

As can be seen from numerous examples, most Russian stocks have clearly defined levels, which makes trading with these instruments very predictable.

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