12. Cómo utilizar Soportes y Resistencias en Forex
El Sensei
8 min, 17 sec
The video explains the concept of support and resistance in technical analysis and instructs on how to correctly draw these levels on different timeframes.
Summary
- Support and resistance are areas where price struggles to pass, either breaking through or bouncing off these levels.
- Support is the zone below the current price that the price may not pass, while resistance is above it.
- The tutorial recommends using monthly and weekly timeframes for marking support and resistance as they are stronger indicators.
- The speaker emphasizes the importance of multiple touches on the levels to confirm their validity.
- The transition of support to resistance and vice versa is explained based on price action respecting or breaking these levels.
Chapter 1
The video begins by introducing the key concepts of support and resistance in market price charts.
- Support and resistance are zones where the price may either break through or bounce back.
- Support is the level the price does not pass from below, while resistance is the level it does not surpass from above.
Chapter 2
The speaker explains how to properly draw support and resistance lines using monthly chart timeframes.
- The video suggests using line charts to mark support and resistance for clarity.
- Horizontal line tools are recommended to mark areas that the price has touched at least twice.
- Using the monthly timeframe adds strength to the support and resistance lines as each candle represents a month.
Chapter 3
Identification of strong support and resistance zones is demonstrated using historical price touches.
- Zones are identified by multiple touches over time, confirming their strength.
- The speaker indicates that support can become resistance and vice versa, depending on how the price interacts with these levels.
Chapter 4
The video shows how candlestick charts can be used to observe the interaction of price with the marked zones.
- Candlestick charts help visualize price rejections as 'wicks' when price fails to break through support or resistance.
- The historical significance of support and resistance levels is highlighted, demonstrating their validity over time.
Chapter 5
Explains the relationship between temporalities of chart timeframes and the strength of support and resistance levels.
- Higher timeframes like monthly charts yield stronger support and resistance levels due to the prolonged testing of these zones.
- The video illustrates the process of drawing weekly support and resistance zones and comparing them to the monthly ones.
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