Second entries: do you wait for the second chance?

Price tests a level twice before committing — the second entry is the patient trader's favourite: more confirmation, slightly worse price. The trade-off between confirmation and price is the whole game.

Second entries: do you wait for the second chance? — support and resistance diagram
Price bouncing between support and resistance

Do you wait?

  • the setups where you wait for the second test
  • how much price you give up for confirmation
  • the first test you wish you'd taken
Second entries: do you wait for the second chance? — risk-reward diagram
A risk-reward ratio of 1 to 2

The support and resistance guide covers level testing behaviour.

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