This section would help traders to visualize current market price different behaviors while trading at important support or resistance levels. Market snapshot is updated on hourly basis. It is simply a print screen of instrument’s hourly chart.
How this is can be Useful for My Trades?
As old men said (A Picture is worth a Thousand Words). Despite the simplicity of this section, but it plays a very vital role in clarifying the full market actions and reactions for traders. So, traders will be able to see with their own eyes the price reversals, bounces, and/or breakouts for a given important price level.
As we mentioned on our “Important Price Levels” section (Support/Resistance point is not a place from where it will for sure bounce/reverse back, it’s only the higher probability that it will bounce/reverse back.). You need to wait for the bounce/reversal confirmation before jumping directly into the market. And this is can only be done by letting traders visualize market price reactions with given price level.