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.
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
The support and resistance guide covers level testing behaviour.
Comments
Log in to join the discussion. Comments follow the community guidelines.
Log in to commentLoading comments…