Round Numbers can play a major role in the formation of new support or resistance zones. Numbers such as $10, $20, $30, $40, $50 and so on often create a phycological barrier for traders and investors in the formation of new price levels. Following a negative earnings report it will be interesting to see how Etsy, Inc. (ETSY) responds to $10.
Tales of a Technician
Tales of a Technician: How to Use Average True Range (ATR)
Here’s your comprehensive guide to using Average True Range (ATR)