Hold levels, break levels, origin levels, and trendlines, taught by C0TT0NC4NDYTA in the Day Trading Decoded series. These lessons explain the levels drawn on Dyntonomy charts.
A hold level is the horizontal price that continues a move. This lesson shows how to mark the body or wick of the last candle in a peak or valley, and why a level is either tested or untested.
18:32 C0TT0NC4NDYTA — Hold Levels (DTD 01)A break level is the wick of consecutive same-color candles that challenges the move in the opposite direction. Hold levels protect that break; hitting the break starts the other side of the move.
9:51 C0TT0NC4NDYTA — Break Levels (DTD 02)An origin level is a break level that has been tested at least twice with candle separation and never hardclosed. It creates polarity on the chart and acts as a higher-timeframe reference for where price is likely to break next.
8:29 C0TT0NC4NDYTA — Origin Levels (DTD 03)A trendline is a level drawn on a diagonal, from a base point to a reach point. This lesson covers marking trends wick to wick and what happens when price breaks one.
11:20 C0TT0NC4NDYTA — Trends (DTD 04)