Mean Reversion / Fade
Support / Resistance Bounce
Every chart looks like it's full of levels that "always hold" once you already know where price went. Drag one yourself, first, and let the tape decide how often that's actually true.
Drag the level, count the touches
Grab the gold handle and drag it to any price on the chart. Every time price comes back to that exact level, it gets tagged automatically: a green ring if price reversed away, a rust ring if it just sliced through.
Drag the gold line up or down · 120 simulated sessions of price history
How it works
- A level isn't a line drawn from a story, it's a line tested by data. Support and resistance only mean anything if price has actually interacted with that exact area more than once. Drag the level onto a spot the price barely touched and the touch count says so immediately.
- A bounce means price approached the level and reversed away from it. The direction it came from and the direction it left in are the same. That's the setup this strategy is trying to catch, buying support or selling resistance on the expectation the level holds again.
- A break means price passed straight through instead. Every level eventually breaks. The question isn't whether it's a permanent wall, it's whether the odds at this particular level, this many touches deep, favor a bounce enough to trade it.
- Levels with more touches aren't automatically more reliable. A level tested five times with three breaks isn't a strong level, it's a level the market has already proven it doesn't fully respect. Drag around and compare a few different levels' bounce rates directly instead of assuming.
Where this breaks
The level that held four times and fails hard on the fifth
Drag the level to a spot with several clean prior bounces, then look at what happens the next time price approaches. Nothing about a string of past bounces guarantees the next touch behaves the same way, and the failure, when it comes, tends to travel further and faster than any of the bounces did, because everyone who bought the level the same way is now getting out at the same time.