Secrets of Support and Resistance you must know

Today my article is about the support and resistance in trading. Support and resistance are the most important things in trading these are also important in intraday trading, Day trading, and scalping I know everyone is facing problems with support and resistance so in this article we will discuss in detail how we traded using the support and resistance so first of all I am introduce myself my experience in trading is about 4+ years and I am a professional in the trading. First of all, support and resistance is the most important thing for every trader. If you become a very successful trader then you must know the power of support and resistance. If you know the support and resistance you will be the king of the trading.

Support and resistance is a line and area. However, most of the traders use it as an area because support and resistance as an area is the best way to trade in the market. Support حمایت is the area or line where the market moves up again and again when it comes to its specific area or line. Resistance مزاحمت is the area or line where the market moves down again and again when it comes to its specific area or line.

There are many ways of trading by using support and resistance. Still, the most accurate way to trade support and resistance is that First, you must know the clear support and resistance because most people lose their trade because they do not know the support and resistance. They make trades on wrong support and resistance. In the end, they lose all their money. Keep in mind that support and resistance areas or lines are drawn only when they strike support and resistance at least 4 times. Most of the time after striking the market 5 to 6 times on support and resistance. They change their trend meaning the downtrend converts into an uptrend and the uptrend converts into a downtrend.

The best time frame for drawing support and resistance is 4 hours for day trading or intraday trading and 15 minutes for scalping trading. This is the best time frame for trading on support and resistance because if you trade below this time frame then as a beginner you lose your money but if you are an experienced trader then you change the time frame according to your mindset.

You do not depend solely upon support and resistance—this is only the market structure. You also use some technical tools for confirmation, like MACD, Moving Average, Rsi, and Bollinger bands. These tools are very helpful for identifying reversals, market trend analysis, and breakout or breakdown confirmation.

Conclusion:

After reading this article, we understand the importance of support and resistance in trading and the best time frames for trading on support and resistance. However, we also know that support and resistance are not always accurate, so we use other confirmation tools that give more accuracy, such as MACD, Rsi, Moving Average, and Bollinger Bands.