So first lesson which I believe more important and simple one is Support / Resistance Levels in trading.
What is Support and Resistance Levels in trading?
Support level is a level in which price find some support as it falls, which means price will likely bounce from that level.
Resistance level is completely opposite to support level.This the level from where price will decline.
Some Support/Resistance levels are strong while some are weak.
How to identify that :
Strong support levels are those level from which price bounce back few times (6 to 7 times or more)
Weak support levels are those level from which price bounce back 2 or 3 times.
Strong resistance levels are those level from which price decline few time(6 to 7 times or more)
Weak resistance levels are those level from which price delcine 2 or 3 times.
I will discuss in lesson # 2 (Breakdown & Breakout) (New Support & New Resistance) (How to identify that)
You would love to know that everyone can use this technique.
If you have any question kindly mention it in comment.
If you find it hard in practising it let me know in comment, I will go through it.
Thanks
