In this second episode of the Signal and Structure series, we dive deep into one of the most fundamental yet powerful tools in technical analysis - horizontal support and resistance lines. This practical tutorial demonstrates a systematic approach to identifying and marking key price levels across multiple timeframes.
What You'll Learn:
Color-Coded Line System for Multiple Timeframes:
Monthly (Black, thickness 4) - The strongest levels from monthly candle closes
Weekly (Maroon/Brown, thickness 3) - Key weekly support/resistance zones
2-Day (Red, thickness 2) - Intermediate term levels
12-Hour (Orange, thickness 1-2) - Short-term trading levels
3-Hour (Yellow, thickness 1) - Day trading reference points
Key Concepts Covered:
Why monthly candle closes often matter more than wicks (with live examples)
How previous resistance becomes new support - demonstrated on Bitcoin's chart
Identifying distribution and accumulation ranges using horizontal levels
The importance of avoiding chart clutter - when NOT to add more lines
Using transparent candles to see through to your levels and indicators
Practical Techniques:
Live demonstration on TradingView using Bitcoin/USD charts
How to identify the most significant levels from each timeframe
Creating "boxes" to visualize trading ranges and distribution zones
Brief introduction to Wyckoff theory concepts (spring patterns)
Tips for maintaining clarity when working with multiple overlapping levels
Chart Setup Tips:
Why exchange charts (KuCoin, Gate.io) provide better volume data than index charts
Continuing emphasis on logarithmic scale for crypto analysis
How to organize your workspace for multi-timeframe analysis
This 20-minute tutorial walks you through the exact process of building a professional-grade support and resistance framework on your charts. The presenter demonstrates each concept in real-time on TradingView, making it easy to follow along and implement these techniques immediately.
Perfect for traders who want to move beyond random line drawing and develop a systematic, color-coded approach to identifying key market levels. Whether you're scalping on the 3-hour or position trading on the monthly, this hierarchical system helps you see exactly where the important levels are at a glance.
Next episode preview: Diagonal trend lines, channels, and Fibonacci levels - including a unique approach to stacking channels that provides an edge in the markets.
What You'll Learn:
Color-Coded Line System for Multiple Timeframes:
Monthly (Black, thickness 4) - The strongest levels from monthly candle closes
Weekly (Maroon/Brown, thickness 3) - Key weekly support/resistance zones
2-Day (Red, thickness 2) - Intermediate term levels
12-Hour (Orange, thickness 1-2) - Short-term trading levels
3-Hour (Yellow, thickness 1) - Day trading reference points
Key Concepts Covered:
Why monthly candle closes often matter more than wicks (with live examples)
How previous resistance becomes new support - demonstrated on Bitcoin's chart
Identifying distribution and accumulation ranges using horizontal levels
The importance of avoiding chart clutter - when NOT to add more lines
Using transparent candles to see through to your levels and indicators
Practical Techniques:
Live demonstration on TradingView using Bitcoin/USD charts
How to identify the most significant levels from each timeframe
Creating "boxes" to visualize trading ranges and distribution zones
Brief introduction to Wyckoff theory concepts (spring patterns)
Tips for maintaining clarity when working with multiple overlapping levels
Chart Setup Tips:
Why exchange charts (KuCoin, Gate.io) provide better volume data than index charts
Continuing emphasis on logarithmic scale for crypto analysis
How to organize your workspace for multi-timeframe analysis
This 20-minute tutorial walks you through the exact process of building a professional-grade support and resistance framework on your charts. The presenter demonstrates each concept in real-time on TradingView, making it easy to follow along and implement these techniques immediately.
Perfect for traders who want to move beyond random line drawing and develop a systematic, color-coded approach to identifying key market levels. Whether you're scalping on the 3-hour or position trading on the monthly, this hierarchical system helps you see exactly where the important levels are at a glance.
Next episode preview: Diagonal trend lines, channels, and Fibonacci levels - including a unique approach to stacking channels that provides an edge in the markets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.