Support & Resistance Levels Explained
Including video tutorial on how to find and draw them. Plus diary of a newbie!
What are support & resistance levels?
Quite simply, support is where a price is likely to ‘bounce’ upwards or at least pause because there is quite literally “support” for that asset at that price - people want to buy it and demand is high. Resistance is where a price is likely to bounce downwards or again, pause, because the demand for that asset at tha…