Managing Support And Resistance Levels - Reversal or Consolidation? Learn How To Navigate Them

Manage these key levels and develop an edge in your trading strategy. The S/R levels shared last weekend for 19 securities are proving their value with the current market action.

Trading using support and resistance levels can be an effective strategy in the financial markets, this Wednesday edition presents fresh and updated examples using charts for DJI, META, AMZN, IWM, SPY and BTC.

Support Resistance Lines:

Support and resistance lines are technical analysis tools used by traders and investors to identify areas on a chart where the price of a security (Stock, ETF, Cryptocurrency, etc.) might be likely to pause or reverse.

Here's a breakdown of the concept: