key levels of significance
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7/28/2019 Key Levels of Significance
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Key Levels of Significance (KLoS) through the price action
Support and resistance refers to the obvious extreme lows and highs. These levels are often just
run due to ‘Order clusters’ at the obvious support and resistance levels or round numbers.
Sometimes price action can oscillate around a key level, when we get volatility constriction, this
becomes even more interesting from a trade perspective due to tighter possible stops andboosted reward by sudden volatility expansion on the break.
The constriction increases the relevance of the central price level around which the price action
has oscillated, making it the resting point level before the expansion of price action and volatility
on its explosive return, we call this the Axis in the Hunt Volatility Funnel (HVF).