📍 Support and Resistance: A Beginner's Guide

Support is a price area where buying has previously helped slow or reverse a decline.

Resistance is an area where selling has previously helped slow or reverse a rise.

Three things I'm learning:

1️⃣ These are zones, not always exact prices.
2️⃣ Price can break through either zone.
3️⃣ A previous bounce doesn't guarantee another bounce.

I prefer observing several reactions rather than drawing conclusions from one touch.

Question: Do you mark support and resistance on the 15-minute chart or a higher timeframe first?

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