Lesson / WY-02-11
Support is an area where falling price previously met buying or stopped, and where behavior may be affected again. Resistance is an area where rising price previously met supply or stopped. These areas come from visible reactions, concentrated trading, breakout origins or rejected boundary crossings, not from a line with an exact mechanical effect. Actual transactions, discrete quotations and endpoints on different timeframes give each area width.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01Highs, Lows and the Rhythm of a Trend↗02Trend Lines and Channels: Uses, Drawing Rules and Limits↗03Support and Resistance: Zones, Boundaries and Tests↗04Initial Trading-Range Boundaries and Later Revisions↗05Breakouts, Breakdowns and Re-entry into the Range↗06Change of Behavior: From One Rhythm to Another↗07A Trend-Line Break, a Trend Stop and a Trend Reversal↗Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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