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Tredimo – Support and Resistance Trading

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Unlock your potential with the Unlock your potential with the Tredimo - Support and Resistance TradingTredimo - Support and Resistance Trading course for only course for only Original price was: $40.00.Original price was: $40.00.Current price is: $34.20.Current price is: $34.20. at at Giolib.comGiolib.com! Explore our comprehensive library of over 60,000 downloadable digital courses across various ! Explore our comprehensive library of over 60,000 downloadable digital courses across various Forex & TradingForex & Trading. Get expert-led, self-paced learning at up to 80% savings. Elevate your skills today!. Get expert-led, self-paced learning at up to 80% savings. Elevate your skills today!

Tredimo – Support and Resistance Trading

Trading support and resistance

Find resistance levels

Open your chart and find the highest price level.Open your chart and find the highest price level.

Now place a line on the chart and move it down the first resistance level that you find:Now place a line on the chart and move it down the first resistance level that you find:

  1. Line drawn at top of chart that you will move down. Line drawn at top of chart that you will move down. 
  2. Price level that you will move the line down to. Price level that you will move the line down to. 
  3. The green shaded area is identifies the first resistance level.The green shaded area is identifies the first resistance level.

Place a second line on the chart and move it down, below the current line you already have on the chart, until you find the next resistance level as the following chart shows:Place a second line on the chart and move it down, below the current line you already have on the chart, until you find the next resistance level as the following chart shows:

  1. Line drawn at the top of the chart that you will move down. Line drawn at the top of the chart that you will move down. 
  2. The first resistance line that you have drawn. The first resistance line that you have drawn. 
  3. Price level where you will move your line down to. Price level where you will move your line down to. 
  4. The green shaded area highlights the second resistance level.The green shaded area highlights the second resistance level.

Continue to place resistance levels on your chart until you reach the current market price.Continue to place resistance levels on your chart until you reach the current market price.

You do not want to put too many resistance levels on your chart – just the most important ones:You do not want to put too many resistance levels on your chart – just the most important ones:

  1. Line drawn at the top of the chart that you will move down. Line drawn at the top of the chart that you will move down. 
  2. First resistance line.First resistance line.
  3. Second resistance line.Second resistance line.
  4. Price level you have moved the line down to. Price level you have moved the line down to. 
  5. The green shaded area shows the third resistance level.The green shaded area shows the third resistance level.

Work your way up from the bottom and place support levels

Place a line on the chart and move it up to the first support level that you find:Place a line on the chart and move it up to the first support level that you find:

  1. Line drawn at the bottom of the chart that you will move up. Line drawn at the bottom of the chart that you will move up. 
  2. First support level where the line has been moved up to. First support level where the line has been moved up to. 
  3. Red shaded area shows the first support level.Red shaded area shows the first support level.

Place another line on the chart and move it up to the next support level:Place another line on the chart and move it up to the next support level:

  1. New line drawn that you will move up. New line drawn that you will move up. 
  2. First support lineFirst support line
  3. Second support level where you move the new line to. Second support level where you move the new line to. 
  4. Red shaded area shows the second support level.Red shaded area shows the second support level.

Continue to place support levels until you reach the current market price. You do not want to place too many support levels on the chart, but rather try to pick the most significant support levels.Continue to place support levels until you reach the current market price. You do not want to place too many support levels on the chart, but rather try to pick the most significant support levels.

  1. New line at the bottom that you will move up to a new resistance level. New line at the bottom that you will move up to a new resistance level. 
  2. First support line.First support line.
  3. Second support line.Second support line.
  4. Third support level that you will move the line to. Third support level that you will move the line to. 
  5. and 6. Red shaded areas show the third support level.and 6. Red shaded areas show the third support level.

Once you have finished, you now have a price chart with a number of support and resistance levels that will look something similar to the chart above.Once you have finished, you now have a price chart with a number of support and resistance levels that will look something similar to the chart above.

Now continue on to the next lesson to learn the first method of trading with support and resistance levels.Now continue on to the next lesson to learn the first method of trading with support and resistance levels.

Salepage: Salepage:
Archive: Archive:

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