This video will show you how to draw Support and Resistance. I include a secret trick I used when I first started trading which makes it easy to identify Support and Resistance zones. The zones are the highest
SUPPORT AND RESISTANCE Zones in The Candlestick Diagram
What it is and how to draw it- for beginners
Somewhere price has changed direction repeatedly
A bullish move which turns bearish has met resistance
A bearish move which turns bullish has met support
Support and resistance can last for minutes, hours, days, weeks and even years
Markets have long memories
Support and resistance areas are regularly broken
When boreken,Resistance often becomes support.
When boreken, Support often becomes Resistance
Support or Resistance works on every timeframe .
If the market continues to make higher highs and higher lows, it can be said to be in an uptrend
If the market continues to make lower lows and lower highs, it can be said to be in a down trend.