The importance of Support and Resistance in trading


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

Related Posts

The SPX index
The SPX index
The biggest movers are: DJIA DJIA, SPX, DAX
Read More
Our BEST Bitcoin trading tips
Our BEST Bitcoin trading tips
The biggest movers are: XTZ XTZ, NEO, BNB XTZ, NEO, DASH BCH, LINK, ADA
Read More