✊ Support and Resistance: support and resistance trading, how to find su...

 





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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

There are different methods to find support and resistance levels in trading such as peaks and troughs, Fibonacci levels, moving averages, trend lines. Another great way to find support and resistance levels is to mark levels in the past where price had a difficult time breaking through. The concepts of support and resistance are undoubtedly two of the most highly easy, but as you'll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears. Now that we know the role of S&R Lines, which from now on we will call Zones.

Support and resistance. In stock market technical analysis, support and resistance is a concept that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels. These levels are denoted by multiple touches of price without a breakthrough of the level. The concept of support and resistance forms the basis of Forex technical analysis. Forex traders look to buy at or near areas of significant levels of potential support in an uptrend. Forex traders look to sell at or near areas of significant levels of potential resistance in a downtrend.

A resistance level is the opposite of a support level, but is still a category of price levels. As opposed to the support level, resistance level is the price level at which the upward price experiences a stall or is impeded. Resistance levels occur from an overabundant level of supply of a particular stock. Resistance (resistance level) is a price point on a bar chart for a security in which upward price movement is impeded by an overwhelming level of supply for the security that accumulates at a particular price level. Resistance levels are characteristically found at the upper levels of range bound markets.

Pivot points were originally developed by floor traders in the equity and commodity exchanges. They are calculated based on the high, low and closing prices of previous trading sessions, and they are used by traders to predict support and resistance levels in the current or upcoming session. The chart below shows an example of a trend line in a downtrend and an uptrend. When drawing trend lines in a downtrend, you draw them above the price. When you draw trend lines in an uptrend, you draw them below the price. It is the highs on a downtrend and the lows on an uptrend that will determine a trend line.

A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. A support line is used in technical analysis to determine a price level through which an asset is unlikely to pass. Using lines of support and resistance allows investors to assess whether an asset is near the top or bottom of its short-term trend.