📚 Price Action: How to find support and resistance levels, support and r...

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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)

First resistance (R1) = (2 x PP) – Low. First support (S1) = (2 x PP) – High.
Second resistance (R2) = PP + (High – Low) Second support (S2) = PP – (High – Low)
Third resistance (R3) = High + 2(PP – Low) Third support (S3) = Low – 2(High – PP)

Mark major support and resistance levels on your chart, as they could become relevant again in the future if the price approaches those areas. Delete them once they are no longer relevant. For example, if the price breaks through a strong support or resistance area and continues to move well beyond it. Support and resistance. In stock market technical analysis, support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. These levels are denoted by multiple touches of price without a breakthrough of the level.

In stock market technical analysis, support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. These levels are denoted by multiple touches of price without a breakthrough of the level. Defining Support and Resistance. Support is a price level where a downtrend can be expected to pause due to a concentration of demand. Whether price is halted by the support or resistance level, or it breaks through, traders can "bet" on the direction and can quickly determine if they are correct.

The same concept applies to selling at resistance. Wait for a consolidation near the resistance area, then enter a short trade when the price drops below the low of the small consolidation. When buying, place a stop loss several cents below support, and when shorting place a stop loss several cents above resistance.