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 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....
Support an resistance zones are critical in the market. These are the juicy spots from which market-makers get to feed themselves immensely. Many traders get trapped in these zones. Buyers are trapped when the market-maker's intention is to SELL and sellers are trapped when the intention is to BUY.
It very important for ordinary retail traders like you and I to...
