Resistance & Support Levels

Resistance and Support (R/S) Levels

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Resistance - many sellers in the market that will not allow price to go higher. In many cases, when resistance is hit, it will reverse.
Support - many buyers in the market that will not allow price to go lower. Similar to resistance, when price drops to these levels it will often reverse.
Resistance and Support could be found in the following:
- - Previous highs or lows
  - Moving Averages (50, 100, 200)
  - Supply and Demand Zones (where there is an imbalance between buyers and sellers)

You will cover how to find significant levels of R/S by finding patterns in price action (multiple instances of price).

Note:

Weekly time frames are more significant than intraday times (5 min, 10 min, 1-hour)
Use Weekly and Daily to identify key levels
Match levels with Fibonacci levels (see below)

In the second video, we address how:

One of the easiest strategies to utilize R/S, Fibonacci levels, and Swing Highs and Lows in real time to make trading decisions.

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