UNDERSTANDING HOW TO FIND LEVELS: Entries and Exits

In this trade recap, Mr. BanksNut reviews a SPY trade, emphasizing the importance of understanding where buyers and sellers are in the market. He explains how to analyze candlestick patterns on a daily chart to identify who is in control—buyers or sellers—by paying attention to the opening and closing prices of daily candles. Using the SPY trade as an example, he illustrates how identifying key levels, such as 675, where sellers previously showed control, can inform trading decisions when buyers have demonstrated overall control by gapping up above those levels. He also touches on how to identify profit-taking levels by understanding where sellers have been in control in the past, using the 684 level as an example, and encourages listeners to analyze candle bodies to find future levels.