Lesson 8

Support & Resistance



Lesson Details

Support & Resistance

In this session we will discuss what, for many new traders, is a huge turning point on the path to success becoming a professional trader. The concept of Support & Resistance is the one area that causes the largest breakthrough for students when learning how to trade. Support refers to an area where price is likely to bounce higher while Resistance refers to an area where price is likely to reverse lower. A build up of buy orders creates support while a build up of sell orders creates resistance. Understanding Support (demand) & Resistance (supply) order flow dynamics is one of the most important areas of technical analysis and should be incorporated into any trading method.

Answer 7 of 9 questions to advance to next lesson.

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When price is bouncing off support & resistance it is?

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Resistance is a good level to?

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If price bounces twice off support you should look to?

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Can support and resistance levels tell you the future?

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Do past support and resistance levels tend to repeat themselves?

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How many times at minimum should we go back to see when price has bounced of resistance or support levels to make a good decision?

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Past highs form?

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What type of market bounces off support & resistance levels?

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Past lows form?

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