chapter 4

support & resistance

• Markets are on a constant move.
• In order for the price to move in either direction price will break out of its structure
and form either new highs or new lows, depending on a direction.
• The structures that are formed during market open are called Support and
resistance.
• Support is a market structures that holds the price at a certain level preventing it
from going lower. Resistance is a market structure taming, or stopping the price from
going higher
S&R = 2 PIVOT POINTS AT MINIMUM

• Resistance and/or support are idetified by looking at charts past data to identify
areas where the price was respected multiple times.
• Since support is at the bottom ( price low ), It is a potential sign for buy.
• subsequently resistance being at the top structure ( price high ), it is possible to sell.
support & resistance

• The reality is, price won’t move up and down in a straight line. There will be price spikes and
pullback which is known as price corrections. It’s a learning process to be able to address the zones
correctly, which we’ll be going through in future webinars.
support becomes resistance

Noted : Breakout, Pullback, Entry

resistance becomes support

Noted : Breakout, Pullback, Entry

THANK YOU