To find day trading levels from daily candles, focus on identifying key support and resistance levels based on historical price action. Look for areas where the price has consistently reversed direction or stalled in the past. Utilize tools like trendlines, horizontal lines, and pivot points to pinpoint these levels. Additionally, consider incorporating technical indicators such as moving averages, Bollinger Bands, and Fibonacci retracement levels to validate potential trading levels. Continuously monitor the market to adjust your levels based on new price developments and market conditions.
contraction and expansion without velocity and acceleration "intraday data" not so great.. meaning daily alone will be a coin toss.
Everybody knows this information already newbie. If you want to be helpful, post something novel, like which scanners or screeners to use and how to find a stock that's going up and which indicator to look at if you only have a couple of minutes to decide to get in there to get a good quick profit. And if you know some things about Forex, that would be great since that is where you posted, and Forex requires additional considerations beyond identifying support and resistance levels.
%% THAT\ or worse \bid ask. POSSIBLE SEC increase =worse if that goes , pray to God it does not. 50dma helps /by close anyway ,
%% NOT all use that benchmark\ but since you asked \ $500cash spy, 5,000 on your chart\ $ 515\5,150 on yours $510 50dma \ $490 SPY =4,900 on your chart. But my candles are green + red NOT limited to day/trading @ all; but 'till we find a bottom on monthly candle charts[green + red]\OK by me LOL