The importance of Support and Resistance in trading

CONTENTS

    Pricing plans and indicator

    Hi there, here's Daveatt from TradingView.

    This framework is offered to our PREMIUM subscribers.

    More info on our Pricing Plans

    Supports and Resistances

    In stock market technical analysis, support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. These levels are denoted by multiple touches of price without a breakthrough of the level

    Here's what you need to do:

    • Mark your areas of Support & Resistance (SR)
    • Wait for a directional move into SR.
    • Take profits a bit before a SR - giving you some margin for error

    We're trading Stocks with the Algo Builder Crypto Universal 15-minutes and Algo Builder Stocks 30-minutes

    A quite note

    Each screenshot below is clickable and can be enlarged for better visibility

    Twitter Stocks Intraday Signals

    BATS:ERI

    TradingView trade ERI GSX IBIO

    BATS:GSX

    ATRA ARWR AGIO

    A quick review of a few Biotech Stocks we're trading

    TradingView trade ATRA ARWR AGIO TradingView trade ATRA ARWR AGIO TradingView trade ATRA ARWR AGIO

    Discord Stocks trades

    BATS:SPCE

    Asset: Virgin Galactic Holdings
    Direction: Short
    Timeframe: 15 minutes
    TP1 price: 15.13
    Pips gained: 0.5
    Percentage move: 3.21%

    TradingView trade Entry Signal Time 195 1630


    INTC, MMM, CSCO

    TradingView trade INTC MMM CSCO TradingView trade INTC MMM CSCO TradingView trade INTC MMM CSCO

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    Do you want a better Trading Performance?

    Hey, I'm Dave. I'm determined to make a trading account grow.
    My only question is, will it be yours?

    The signals and trading method frameworks are available to our VIP subscribers


    About Dave


    He is the co-founder of Best Trading Indicator. Previously a quant trader for a french bank in New York City, he's been trading full-time for the past 8 years.

    Dave used to teach his professional traders how to use his trading algorithms.

    Best Trading Indicator is 1 year old and already counts 600 recurring subscribers profiting from our trading course and TradingView signals.

    Learn more


    Do you want a better Trading Performance?

    Hey, I'm Dave. I'm determined to make a trading account grow.
    My only question is, will it be yours?

    The signals and trading method frameworks are available to our VIP subscribers