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.