How to Easily ID Support and Resistance on Your Charts
See an example in the chart of Bank of America (BAC)
By Elliott Wave InternationalYou've probably heard the terms "support" and "resistance." Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop and reverse.
There are many different ways to identify support and resistance on your charts. In this 6-minute lesson, the editor of our Trader's Classroom education service, Jeffrey Kennedy, shows you one of the easiest and most effective methods (example: Bank of America, NYSE: BAC).
6 Lessons to Help You Find Trading Opportunities in Any MarketGet 6 free lessons that will teach you how to spot trading opportunities in the charts you're using every day Elliott Wave International's Jeffrey Kennedy shows you how to use Elliott waves, Fibonacci analysis, candlestick analysis, and more, to help you become a more successful technical trader.
Get instant access
© EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle