support zones

I thought to teach you a really simple concept, but that is often overlooked by beginners and experienced traders.
As you can appreciate from the chart different bars and zones has different volume. Also, a more experienced eye can analyse the spread of the candle and closes to gain different information, but this will be the topic of future webinars and discussion. Now, keeping it easy... we know that where there is a high volume it means the participants were really enthusiastic and they were trying to push prices lower or higher. These areas will in the future turn into support/resistance areas. This is because buyers or sellers have a psychological attachment to these areas, whether they bought/ breaking even, missed an opportunity or in profit. In the cases here highlighted strong support were posed buy buyers on these zones and seller were trying to push prices lower...Buyer won the fight so many sellers are underwater from these areas and they will look into break even at these areas and also possibly opening long positions as they felt like last time they lost profit opportunities, also traders late at the party will look to add or enter a new position as they expect the price to climb from these zones as they provided good support last time. So look for these areas to find good horizontal support zones. Also for the seak of the example, I used 30 min timeframe but remember that higher timeframes are more reliable and present stronger support zones where intraday timeframes show just local support and resistance zones.