📌📌📌📌#Lecture start soon!!!!!!!!!!!!
TOPIC: SUPPORT AND RESISTANCE APPLICATIONS

📌📌#Lesson 2: SUPPORT AND RESISTANCE

What is a support level?

A support level is a level where the price tends to find support as it falls. This means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue falling until meeting another support level.

What is a Resistance level?

A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. Again, this means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue rising until meeting another resistance level.

Support and Resistance Zones – Road to Successful Trading

This Support and Resistance Zones Strategy will enable you to take trades exactly at the area price will reverse. Trading support and resistance lines is critical for every trader to implement into their system. In this article you will learn how to calculate support and resistance, identifying support and resistance trading zones, stock support and resistance approach to trading, along with forex trading support and resistance.

Indicators Used in the Support and Resistance Zone Strategy is called PRICE ACTION (PA)

The more times Support is tested, the stronger it becomes.

Support and Resistance are lines on your chart.

You should place your stop loss at Support and Resistance.

If you follow the “theories” above, it would cost you money in the long run. Because these are the biggest lies about Support and Resistance trading strategy.

And it’s not your fault because these are stuff that’s being taught in trading books and courses.

But don’t worry.

After reading this trading guide, you’ll never make these mistakes again.

✍️✍️Specifically, here’s what you’ll learn:

👉🏾 The 5 things about Support and Resistance (losing traders are not aware of)
👉🏾 How to find favorable risk to reward trades
👉🏾 How to tell when Support or Resistance will break, so you don’t enter trades at the wrong time
👉🏾 A Support and Resistance trading strategy — that lets you profit from losing traders

Hey!!! Are you ready?

Then let’s get started.

📌📌Truth #1: The more times Support or Resistance (SR) is tested, the weaker it becomes

First, let’s define Support and Resistance:

Support – Area on your chart with potential buying pressure

Resistance – Area on your chart with potential selling pressure