Levels of the Beast
You still think that the price often stops at round levels, at levels that are multiples of 50, 100, 200 or others, you are wrong! Price often stops at mystical levels - the levels of the Beast.
Levels of the Beast - a technical indicator for drawning levels of the beast - horizontal levels, the prices of which end with the number of the beast: 666, 999 or 616
This is an indicator of mystical levels at which the price either stops or unfolds, and sometimes unfolds until a level is reached!
Look at the currency chart from a different angle, open the levels of the beast!
- Use them as the magnet levels that price is aiming for.
- Use them as support and resistance levels.
- Use them to set Take Profit or Stop Loss.
- They are able in the medium and even long term to act as a zone of consolidation of a currency pair, especially between xxx666 and yyy666 or xxx666 and yyy999
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