Support and Resistance: Theory and Application

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This course shows you how to apply support and resistance to the financial markets, step-by-step and in a systematic way.

We shall be discussing three sets of strategies with their defined set of rules that you can apply for you to get used to trading with support and resistance – it is great for beginners looking for some guidance when venturing into price action trading. It is very simple yet very efficient!

Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.