LECTURE ON SUPPORTS AND RESISTANCE

Support and resistance is the basis on which every other technical tools is validated.

Supports levels are levels normally drawn below market structure showing regions where demand is highest and buyers are strongest. So when a markets get to an obvious support level, the buyers are expected to react and we should be looking for longing opportunities. 🍴

On the other hand,
Resistance levels are levels normally drawn above market structure showing regions where supply is highest and sellers are strongest. So when a markets get to an obvious resistance level, the sellers are expected to react and we should be looking for shorting opportunities. As simple as that. 🏝