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Bmf's avatar

Likely a stupid question. But I get confused when you say something is a poor low or a poor high. If something is a poor low are you saying it’s strong support and likely won’t be breached and can possibly cause short covering ? And a poor high is strong resistance and can cause liquidation? If so , why is a strong support , a poor low and strong resistance a poor high?

Thanks very much

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Niko's avatar

Amazing analysis as usual. Incredibly tricky market. We keep on hanging over 200 sma without any clear resolution

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