Monday 28 January 2013

Support and Resistance Levels


To start your education on technical analysis, let's begin with the basics: support and resistance!
Lessons on Support and Resistance Levels
1.    Support and Resistance
Learn how to gauge probable future price interest based on past price reactions.
2.    Trend Lines
The most basic--but powerful--charting tool in the tool box.
3.    Channels
Do you know what the three basic types of channels are?
4.    Trading the Lines
Time to learn how to trade the lines using two simple ideas: the Bounce and the Break!
5.    Summary: Support and Resistance
Here's a simple run-through of how you should trade support and resistance zones.