Trading-Made-Simple | Support or Resistance
Welcome to our Trading-Made-Simple video series, where you can learn a little more about the trading world in less than 5 minutes.
Traders use the “Support” and “Resistance” levels in technical analysis to understand the supply and demand in the market. The support level is when the price regularly stops falling and bounces back up while the resistance level is when the price regularly stops rising and falls back down.
In this video, we will be covering:
0:00 Introduction
0:14 The Meaning of Resistance
0:25 The Meaning of Support
0:52 How to Spot the Support & Resistance Levels in a Chart
1:23 Market Testing Support & Resistance Levels
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Trading involves risk. Past performance is not indicative of future results. Trade with caution.