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Tredimo – Support and Resistance Trading
Trading support and resistance
Find resistance levels
Open your chart and find the highest price level.Now place a line on the chart and move it down the first resistance level that you find:- Line drawn at top of chart that you will move down.
- Price level that you will move the line down to.
- The green shaded area is identifies the first resistance level.
- Line drawn at the top of the chart that you will move down.
- The first resistance line that you have drawn.
- Price level where you will move your line down to.
- The green shaded area highlights the second resistance level.
You do not want to put too many resistance levels on your chart – just the most important ones:
- Line drawn at the top of the chart that you will move down.
- First resistance line.
- Second resistance line.
- Price level you have moved the line down to.
- The green shaded area shows the third resistance level.
Work your way up from the bottom and place support levels
Place a line on the chart and move it up to the first support level that you find:- Line drawn at the bottom of the chart that you will move up.
- First support level where the line has been moved up to.
- Red shaded area shows the first support level.
- New line drawn that you will move up.
- First support line
- Second support level where you move the new line to.
- Red shaded area shows the second support level.
Continue to place support levels until you reach the current market price. You do not want to place too many support levels on the chart, but rather try to pick the most significant support levels.
- New line at the bottom that you will move up to a new resistance level.
- First support line.
- Second support line.
- Third support level that you will move the line to.
- and 6. Red shaded areas show the third support level.
nnPurchase Tredimo – Support and Resistance Trading courses at here with PRICE $40 $38
