Engineering Alpha

Engineering Alpha

How to Find Long-Term Support and Resistance Levels

Shape the Beginning of the Trading Year With Important Levels

Sofien Kaabar, CFA's avatar
Sofien Kaabar, CFA
Nov 19, 2022
∙ Paid

Price action trading is based purely on price rather than its derivatives such as technical indicators. It enjoys a huge advantage in that it is not lagging. Price is what is happening right now and is either leading or coinciding but never lagging. Price action is all about detecting patterns and finding support and resistance levels.

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