Support and resistance - are they able to stop the price? [Video]

Support and resistance - surely everyone, even the most beginner investor, has heard about them. But have you ever wondered where their phenomenon came from? Why, at certain levels, the price set by the market decides to hold back, or even turn back? In this episode, we'll talk about the types of support and resistance, the techniques for determining them, and the common sense approach to interpreting them.

What will you learn from the video

• Types of support and resistance,
• The art of scratching the chart, i.e. techniques of determining supports and resistances,
• How to interpret the behavior of the price in relation to the designated levels.

Useful links:

• Pivot Points - Magic or random levels?

The partner of the educational cycle is Tickmill broker.