Welcome to the 2nd video in the Indicator Series.
Lately, I’ve had a lot of people in our Discord channel asking me about how I draw and trade support & resistance levels. I thought it would be a perfect opportunity for me to demonstrate how support and resistance levels work, and how and when to trade them.
In this video I’ll go over the basics of support and resistance including – Number of Touches, Preceding Price Moves, and Time.
Here are some additional resources I recommend you checking out to gain more knowledge in this area of technical analysis.
https://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistance
https://www.fidelity.com/learning-center/trading-investing/technical-analysis/introduction-technical-analysis/support-and-resistance
I hope you enjoy the video