Quick question for anyone please
!!!!!
I'm sure back in the day I recall remo saying always buy when it re-tests and bounces of the support area and not when it just bounces off it for the first time which is to confirm its held... I guess the same goes if shorting on a resistance... is that correct ?
If so my question is, if it retests the support or resistance the same day does that confirm it and should one buy or short there ? or is it the next day we are talking about ? or is there no hard and fast rules ? Just trying to work out when the best time to jump in following a stock testing those areas ....
Thanks