How to Easily ID Support and Resistance on Your Charts See an example in the chart of Bank of America (BAC)

How to Easily ID Support and Resistance on Your Charts

See an example in the chart of Bank of America (BAC)

By Elliott Wave International

You’ve probably heard the terms “support” and “resistance.” Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop and reverse.

There are many different ways to identify support and resistance on your charts. In this 6-minute lesson, the editor of our Trader’s Classroom education service, Jeffrey Kennedy, shows you one of the easiest and most effective methods (example: Bank of America, NYSE: BAC).


6 Lessons to Help You Find Trading Opportunities in Any Market

Get 6 free lessons that will teach you how to spot trading opportunities in the charts you’re using every day Elliott Wave International’s Jeffrey Kennedy shows you how to use Elliott waves, Fibonacci analysis, candlestick analysis, and more, to help you become a more successful technical trader.

Get instant access

This article was syndicated by Elliott Wave International and was originally published under the headline How to Easily ID Support and Resistance on Your Charts. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

plus-500-promocion

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s