When the price comes to a certain support/resistance level, no matter whether divergence appears or a pullback fails to break the support, or a rebound fails to break the resistance, in the end there isn’t enough volume released. This means the market has no “heat” at that level. Only when volume is released in the form of ( times volume ), does it mean the market gives a certain affirmation to the price at that level—through an exchange of positions (chips) between both sides reaching a consensus, thereby forming recognition of that level.

Of course, you can position yourself in advance at a level that hasn’t yet been recognized by the market, and wait for the price to break out, so you can capture the maximum returns. But the success rate of doing this is hard to guarantee, and it falls under a relatively “left-side” style of operation.

You might worry that once the volume explodes and the price runs away, you’ll miss it. But don’t forget: in relative terms, it’s more important that right-side trading strengthens the safety of your funds. You can wait for a pullback and then enter again. And you’ll say, what if there’s no pullback? What can you do? Do you have to chase a long? Chasing a long also involves a huge risk, doesn’t it?

Alright—good opportunities come from waiting.