Why do we use Support and resistances

Support and resistances identify critical areas on a chart where price has stopped due to buy / sell pressure which can act as useful areas of interest to plan our trades.

What you need to know before you watch this video?

You should have watched the previous course videos prior to this one.

Objectives – Support and Resistances

By the end of this video you will get to know how I use support and resistance and how important they are.

After you watch the video you should be able to:

1. Understand when price action maybe coming to a stop or possibly reversing
2. Know the different ways of trading with support and resistances.
3. Get to know about trading ranges
4. Play breakouts & Breakdowns
5. Identity and mark monthly, weekly and daily supports and resistance

Identify support and resistances created by trend lines

Supporting information – 
Support & Resistances – https://www.investopedia.com/terms/s/support.asp