support and resistance

How to DRAW Support and Resistance in Mobile Phone

Hey guys, In this video we will show you How to draw Support and Resistance manually into your trading platform.

MUST WATCH: HOW TO DRAW SUPPORT AND RESISTANCE AUTOMATICALLY


What are Support and Resistance?

A support level is a level where the price tends to find support as it falls. This means 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.

A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. This means 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.

FINAL WORDS

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