Video: Support & Resistance Levels

Support and resistance levels form part of the cornerstone of technical analysis. The basic idea with support and resistance is that we are looking to identify areas where price is likely to stall and possibly bounce (support levels), and areas where price is likely to stall and fall back from (resistance levels). Necessarily, support levels are identified as levels below current market price and resistance levels are levels sitting above current market price.

In this video we explore what creates support & resistance levels and demonstrate just how to identify them and why they are so important.

Here is the link to the article version of this video!