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Welcome to Trading Today, this video is the ultimate guide to trading with support and resistance!
Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand!
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply!
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Support and resistance areas can be identified on charts using trendlines and moving averages.
Here is a complete breakdown of support and resistance and how you can use it effectively to profit trading any market!
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⚠️ Disclaimer:
Information provided in this video should not be construed as investment advice, trading advice, or financial advice and is not meant to be a solicitation or recommendation to trade, buy, sell, or hold any assets or any financial securities such as bonds, stocks, options, forex, or cryptocurrencies. Everything Trading Tactics provides is for educational and entertainment purposes ONLY.
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