How do you find Support and Resistance Levels in easy way?
What is support and Resistance?
Support and Resistance is an area or levels where price/market has reacted to in the past and can potentially react to again in the future.
Why do we have to draw in support and Resistance levels?
We shall draw support and resistance level because of possible trade opportunities arise at support and resistance levels.
Criteria & traits we look for to identify support & resistance levels.
You only need one of the traits listed below to qualify the level as support or resistance
#Swing high or swing low
#Obvious and easy to spot.
#The move away was drastic.
#Acted as both support and Resistance.
#Recently respected or formed.