Support and Resistance Made Simple: The #1 Skill Every Trader Needs.🤏🏽🙌🏽🧬 #trading #stockdarling #fyp #tradingtips #technicalanalysis

If you can't spot support and resistance level, you're trading blind. This is a number one skill you need to become profitable. Support and resistance is the foundation of technical analysis. If you don't understand them, it's nearly impossible to time your entry and exit like a pro. What is support and resistance? Support and resistance is key level where price has reacted in the past. Support is where price tends to bounce up from. Resistance is where price tends to bounce down from. Why do we draw these level? Because these are levels that lead to high profitability trading opportunities. Once price approach a strong key level, we know it's time to watch for a trade. Think of it like a GPS for your trade. It tells you where to slow down and where to take action. How to identify high quality support and resistance levels? Here are the five key traits to look for. Number one, extreme highs and lows. Look for recent swing highs and swing lows. Number two, multiple rejections. The more time a price has rejected a level, the stronger it is. Number three, obvious levels. They have to pop out at you if you have to squint, skip it. Number four, strong reactions. Did the price reverse sharply at that level in the past? That's powerful. Five, row reversal. Levels that act as both support and resistance levels in the past carry more weight. Now you don't need all five price areas for every level, but the more boxes you check, the better. And don't clutter your chart. Less is more. Clean obvious levels, the the better the trait.