Support and Resistance

Description

Watch Lee explain Support and Resistance and how to analyse these levels in the market.

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Support And Resistance

1 / 5

Is support above or below price action?

Above

Below

2 / 5

Is resistance above or below price?

Above

Below

3 / 5

What time frame do we plot our key levels of support and resistance?

Daily

1 Hour

15 Minutes

4 / 5

How do we find our levels of Support and Resistance?

We use the last high/low

We use the top and bottom of the Daily candle

We find a key level that has been respected multiple times throughout previous data

5 / 5

When selling in the market, what do we use the Level of Support for?

A level in the market that we are trading towards

A good place to exit the market as reversal usually happens at these levels

If the level is broken it then becomes a good level of Resistance

All of the above

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The average score is 80%