Trading with support and resistance levels is a fundamental strategy that offers insights into market psychology and potential trade entry and exit points. This guide will explore how to effectively trade using these levels, highlighting the importance of confirmation, rejection patterns, candlestick patterns, and confluence with other indicators.
Understanding...
This video dives into the fundamentals of support and resistance, the cornerstones of technical analysis.
We'll cover:
** Identifying trends:** Learn how to spot bullish and bearish trends using higher highs/higher lows (HH/HL) and lower highs/lower lows (LH/LL).
️** Support & Resistance Levels: Discover how to pinpoint key price levels where the market may...
Support & Resistance (S&R) is one of the basic topics that we need to know in trading, whether trading forex, shares or cryptocurrency.
Support & Resistance can show the upper and lower limits of price movement in a certain time.
*) Resistance is the upper limit to limit prices from rising further.
*) Support is the lower limit to limit prices from falling...
📍Support and Resistance 101
Support and resistance are two foundational concepts in technical analysis. Understanding what these terms mean and their practical application is essential to correctly reading price charts. Prices move because of supply and demand. When demand is greater than supply, prices rise. When supply is greater than demand, prices fall....
