The Common Number

Many times there will be a Common Number, or a “CN,” on a chart. What I mean is, there is a specific price that will show both support and resistance during the contract over a long period of time. This is a very powerful indicator.

You have probably never heard of the term Common Number before because I coined the phrase. I got tired of saying that support became resistance or that resistance became support. I just now call it a Common Number.

When looking at any chart, be sure to watch for CN’s. It’s a very good place to enter or exit the market or to add positions also. I will go into much more detail on this in the videos.