Minor TradingLevels
0.1, 0.2, 0.3, 0.5, 0.8, 1.1, 1.2, 1.3, 1.5, 1.8, 2.1… and so on Using the same numbers of 1, 2, 3, 5, 8 but going down in the price scale so to speak. Here’s an example of the MinorLevels between $1 and $2.00 using the numbers 1, 2, 3, 5, 8: $1.10, $1.20, $1.30, $1.50 and $1.80 the $2.00.
The Minor TradingLevels are labelled on charts as mTL – mTL1, mTL2, mTL3 So as an example mTL1 would be $1.10, mTL2 would be $1.20. I mentioned before that 1 is the strongest number in the markets, the second strongest number is 5 followed by 8. In fact all numbers carry a certain weight and they have a relationship with their neighbors.
They also have a certain character – I find that 8 is a profit taking number, so $1.80 before $2.00 would start seeing sellers in the market depth coming in at 1.80, or $18 before 20.00 or .18 cents before 20 cents or .80 cents or $80.00 etc Once you understand what we are saying the pennies will start to drop and you will be truly able to start reading a market like a musician reads a score of music, there is a lot to learn but any effort made will be rewarded.