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Chaindesk

1 Session 1 Snr

Updated: December 29, 2024

ahmed alshamrani

Summary

In this video, the speaker introduces viewers to the five types of SNR and emphasizes the significance of recognizing and understanding these levels. Classic SNR is explained with illustrations of red and blue candle formations, backtesting levels, and market reactions. Breakout SNR is discussed using examples of fresh levels, breakouts, and retests. Additionally, the head and shoulders pattern is detailed with demonstrations of left shoulder, head, right shoulder, and breakout scenarios. This video provides valuable insights for traders looking to enhance their understanding of different SNR levels and patterns in trading.

Types of SNR

Introduction to the five types of SNR and the importance of understanding and identifying these levels.

Classic SNR

Explanation of classic SNR with examples of red and blue candle creation, backtesting levels, and reactions.

Breakout SNR

Description of breakout SNR with examples of fresh levels, breakouts, and retests.

Head and Shoulders Pattern

Explanation of the head and shoulders pattern with examples of left shoulder, head, right shoulder, and breakouts.

FAQ

Q: What are the five types of SNR mentioned in the file?

A: The five types of SNR mentioned are classic SNR and breakout SNR.

Q: Can you explain classic SNR with the examples provided in the file?

A: Classic SNR involves examples of red and blue candle creation, backtesting levels, and reactions.

Q: What is breakout SNR and what examples are given to illustrate it?

A: Breakout SNR is described with examples of fresh levels, breakouts, and retests.

Q: What is the head and shoulders pattern discussed in the file?

A: The head and shoulders pattern involves the left shoulder, head, right shoulder, and breakouts.

Q: Why is it important to understand and identify the different levels of SNR?

A: It is important to understand and identify these levels to make informed trading decisions based on price movements and patterns.

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