Wed. 2_8

An example of how the Advance/Decline and its interplay with its zero-line can be used as a reference point and potentially good risk:reward entry areas when used in conjunction with price support/resistance and the TICK.
Here we have two basic support levels (horizontal dash lines) along with vertical dash lines to highlight when the A/D-line pulls back to zero, whether from above or below.  Price often seems to bounce (or fade) from this zero-line, until it doesn't, where it then breaks out.  For example, we had a few bounces off of the zero-line coming into today, the fourth test flagged and broke down later finding support (price support as well) at the -200 line (mildly bearish) on a bullish divergence on the lows.  Later in the day there were two fades off of the zero-line where price pulled back but didn't sell off, only to later break above zero on the third attempt.