Naish
What makes it more likely to bounce off the 1 dollar support line on the 11th time? I guess what I'm asking is what differentiates it from an independent event. If I flip a coin and get heads 5 times in a row, the 6th flip doesn't care about the previous 5. It's still 50/50. Is it because of the psychological aspect of trading, and or because traders expect that because they view support in a similar manner? I'm new to this and really want to understand these things. You guys have provided much education. Thank you.
LNG Chart, page-265
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