How To Read Resistance and Support Lines: Tradingview
We are going to learn the basics of resistance and support lines in the stock market. This technique can be applied to both long-term and short-term trading.
I try to keep this video as simple as possible so you can quickly learn how to make educated guesses on which way the stock or ETF will go, and how far it will go as well.
Many investors, both professional and retail will use resistance and support lines when buying a stock. Resistance and support lines can also be called pivots. My day traders and swing traders will base their strategies on resistance and support lines.
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It's not a proven science and there is no guarantee stock will do what you want it to do but this technique is a great way to create a technical analysis on where a stock or ETF will go.
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