Learn To Identify Key Support and Resistance Levels - (Updated!)

As a new trader, one of the most important skills to develop is the ability to identify keys areas of support and resistance. Reliable, sound reference points we can continually check in on when it comes to building a trade thesis. Trading can be difficult but at the same time it doesn't have to be complicated, overloading a chart with dozens of indicators only creates complication and uncertainty. One way we can simplify trading is by looking at where in the past buyers and sellers felt the most comfortable interacting. Learning how the pros identify key areas of support and resistance can help build confidence in your trading strategy and allow you to grow as trader. The journey never ends, let's look some of the keys to finding those trade-able levels!
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The first and arguably the most important aspect is integrating higher time-frame analysis into your daily routine. Traders tend to develop tunnel vision when trading which leads to significant levels from another time-frame possibly being missed or just ignored. Integrating a daily chart or even as you will see and hear Arun mention in this video a 60 minute time frame into your trading can make the overall price action and history become a lot clearer.
⏳ Outline:
0:00 - Intro
0:54 - What makes a key level? And how do we find them?
3:45 - How do we use higher time-frame analysis to find key levels?
6:24 - Thinking of the market as an auction
8:50 - Finding where buyers and sellers agree on price
11:30 - Does this concept work on Futures markets?
12:40 - Summary
Trading Software: https://daytradetheworld.com/trading-software/

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Видео Learn To Identify Key Support and Resistance Levels - (Updated!) канала Market Wisdom by TraderTV Live