Trading with Support and Resistance

Bulls and Bears

Support and resistance trading is one of the basic building blocks of trading. Not only is it a basic building block of my trading, but also of most trading done by professional traders. So even if your trading system does not incorporate support and resistance it is still good to understand it and take notice of the most important price levels. Just because many traders are watching these levels, prices usually will react when they get there. Support and resistance are all about “Bulls and Bears”, aka “Buyers and Sellers” and how price itself affects their behaviors/decisions.

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