Support & Resistance Program by Brian Houston -Candlecharts

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Candlecharts is a company founded by Steve Nison, a renowned expert in Japanese candlestick charting techniques. The company offers various trading courses and tools for traders to improve their knowledge and skills in the financial markets.

To use support and resistance levels effectively, traders should consider a range of factors such as historical price patterns, volume, and market sentiment, and use them in conjunction with other technical analysis tools. Traders should also be prepared to adjust their strategies as market conditions change and use stop-loss orders to manage risk.

Support and resistance lines can be useful tools for traders to identify potential changes in market trends and make better entry and exit decisions. Support levels are price levels where buying pressure is expected to be strong enough to prevent the price from falling further, while resistance levels are price levels where selling pressure is expected to be strong enough to prevent the price from rising further.

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