Resistance is the opposite of support

No, not all can act as a support or resistance. OK, support and resistance, but what are the points that can work like support and resistance? Okay, so there are four things major. We guys mostly do this, and nothing first straight line can work like a straight line support or resistance.

High supporter can work like a restaurant, which means here resistance has been taken, ok, then straight line and draw that it can work like straight line resistance, meaning when the price comes here, there can be resistance here too, no, then it will come here, can take resistance price here, once the price has taken resistance, here support has taken, so for example, price here. Was coming, took support, the price was falling from here, took support

Then we drew the straight line here. TVS can work as straight line support, which means it can take price support again here. Okay, now you will say that you can take support, then we should buy here. If there are buying and selling decisions on such a basic price action, then money will not be made. Five people earn; it would have been so easy that there is direct support.

So bye, it would have been so easy to make a trading decision. Out of 100, 90 people would have earned, but 100% because the other 95 people feel that they have learned price action, so everything is done. Then here is support for lagi price. Ok, so please understand these concepts. We are all together.

 Resistance indicator on our list is Wolfe Waves.

Whatever knowledge you will do to him, whatever knowledge you have, collect all the knowledge in the overall chart reading; it has to be done in the overall chart reading; there is never a trading decision on the basis of a concept; this overall you will learn price action; all this will do in the in the chart reading; then money is made, ok fine, so it is clear to you; support straight line; similarly, support or relationship trend line can also be

Now this train line we are learning complete one topic only, boot s ka now just understand ki late proposal price, some are going up the price in this manner on this particular angle, right to first it is not taking support in straight line, price is taking price support on this particular angle

Meaning what we will do is connect two support points, and a trend line will be formed, indicating that it is going up, taking price support at a particular angle. Trendline can act as a support resistance, meaning if your price comes here, you can take price support here. This price action is right. Tell me that men’s support can take your resistance wrong number, so suppose the price is one side. It was coming up.

Right, and this is the thousand number price on 1000 round number psychological people started finding everything expensive. What is this? 995 people were buying, buying at 998, buying at 999, suddenly Thousand came, then they felt that no, no, man, it became very expensive 1000 rupees, right then sellers are getting aggressive, expensive, then price round number 1000. So it started coming down from this is a psychology you all do how we do it.

We will see that in further courses only. Right now, just understand the price action, so the round number can also act as a support and resistance. For example, if the price is falling, the round number is 17000. A 17000 wrong number can be supported in the field. This will happen every time it does not happen. Right, so this is just the learning of round numbers that can act as a supporter resistance. The second is the M20 exponential moving average, which is an indicator.

What is the right exponential moving average? Exactly We do this in the course in detail, but S Ka Now Just Understand Key Exponential Moving Average is a mathematical formula by which we understand on the basis that the best average price for the institution’s is right, so it is plotted late in this way.

Now I will also show you practical. Okay,  so the price-late proposal is coming here like this. Right,  it is up with support on 20. It can happen very many times like this, but which is this main time frame, the weekly time frame, or the monthly time frame?

For investment, we use weekly and monthly; for intraday and swing, we use daily, ok, and for swing trade and intraday trade, from daily time and short-term investment to long-term investment. 20 to see whether the best average price is or not, here is 20, can take support of monthly time frame, here weekly time daily time frame can be supported. 20

Meaning here can take support, can take registration, and this is just the basic understanding about how support and resistance can work, like support and resistance. For example, look at this here, but not in the price. We drew a straight line again here. Prince took support, so this is what straight line is acting on, so the same straight line here first resistance took, then again there Lia means straight line acting as a resistance.

It doesn’t mean but Prince pulled back two or three times from 1000 price, 1000 round number can act as a support. Not exactly 1000, but any round number can act as a support resistance. 1234 a 50 resistance 1500 round numbers ok sir, round number can act as a support resistance. Amy 20 plotted right. This is an indicator right again. Amy Resistance taken at 20 so price if trading if price trading a daily time frame trend up then mostly price takes support on ami 20 if the trend of daily time frame download something ok this is mostly note

They have identified and MF 21X how to use it. He is further covered in course, but not now. You just have to understand that this MA 20 can act as a support and resistance distance train line. You got it the third time, then see this price. Follow from here. Ok, it means a straight line acting as a resistance. Really working