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Sep 1, 2016 · A Support and Resistance trading strategy that lets you profit from losing traders. Here’s a fact: Support and Resistance attract a lot of attention from traders. There will be some looking to trade the reversal, and others looking to trade the breakout. Since trading is a zero-sum game… for reversal traders to profit — breakout traders ...
Mar 29, 2023 · On the most fundamental level, support and resistance are simple concepts. The price finds a level that it’s unable to break through, with this level acting as a barrier of some sort. In the case of support, price finds a “floor,” while in the case of resistance, it finds a “ceiling.”. Basically, you could think of support as a zone ...
In this support and resistance training video, you'll learn...1. The truth about support & resistance that nobody tells you2. How to draw support & resistanc...
- 41 min
- 203.2K
- Rayner Teo
Feb 10, 2024 · Support and resistance is the concept of specific levels in price, where demand and supply meet, creating a barrier to the up or downside that price struggles to get past. Support and resistance levels are determined by the surrounding price action or indicator levels, which are carefully guarded by market participants.
In This Video You Will Learn, How to draw Support and Resistance. Some secret and Practical tricks are included, which I used trading which makes it easy to ...
- 12 min
- 256.2K
- Trading Geeks
May 4, 2024 · Support (Support Level): Support or support level refers to the price level below which, historically, a stock has had difficulty falling. It is the level at which buyers tend to enter the stock.
Pivot point (PP) = (High + Low + Close) / 3, Support and resistance levels are then calculated off the pivot point like so: First level support and resistance: First resistance (R1) = (2 x PP) – Low First support (S1) = (2 x PP) – High Technical & Fundamental stock screener, scan stocks based on rsi, pe, macd, breakouts, divergence, growth, book vlaue, market cap, dividend yield etc.
