The two basic MSNR levels come from a colour change. A bull candle followed by a bear candle makes a Classic A (resistance). A bear candle followed by a bull candle makes a Classic V (support).
Classic A: draw from the bull candle's close (= the next bear candle's open) and extend right. The dotted line is the line chart, showing the A shape.Classic V: draw from the bear candle's close (= the next bull candle's open). On a line chart it is a V.
Fresh or tested
A fresh level has not been touched since it formed. The first return to a fresh level usually gives the cleanest reaction. A wick that touches it makes it tested. A body that closes through it breaks it, and the next lesson on flips shows what happens then.
Rules
Use the swing's close, not its wick.
Pick clear swings that started a move, not every little bump inside a range.
Wait for price to come back. The best reaction is a wick that touches the level and closes away from it.
A Classic level becomes much stronger when it sits on a higher-timeframe level.
Common mistakes
Drawing the line at the highest wick.
Marking dozens of tiny A and V shapes inside choppy price.
Entering the moment price touches the level without any other reason.
Check yourself
1. Which pair of candles forms a Classic A?
2. Where exactly do you draw a Classic V?
3. Price comes back to a fresh Classic A, wicks above it and closes below. What is that?
Nothing yet. Each time you mark a lesson complete, it is saved here, in this browser only.
Study notes in my own words, based on the MSNR "Trading Secret Algorithm" and Alchemist (White) materials. Educational only, not financial advice. Practise on a demo account and with TradingView Bar Replay before risking real money.