Lesson 4: Unlocking Horizontal Support and Resistance Lines
In this lesson, you’ll learn how to identify and organize horizontal support and resistance lines—a foundational skill for technical analysis.
Key Concepts:
✅ Grouping Lines for Clarity: Use the grouping feature in TradingView to keep your drawings organized and avoid confusion when switching between time frames.
✅ Defining Key Levels: Learn how to label and color-code lines such as resistance tops, support bottoms, grade A support, and grade A resistance.
✅ Identifying Pivot Lines of Decision: Understand how to recognize critical points where the market decides whether to continue its trend or reverse.
✅ Using Time Frames Effectively: Know when to use daily, weekly, and monthly charts to find major support and resistance levels.
✅ Avoiding Noise: Focus on significant levels instead of getting distracted by minor bounces or choppy price action.
This lesson provides a structured approach to finding reliable horizontal support and resistance lines to enhance your technical analysis skills.