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.

More El Sensei summaries

10. Introducción al análisis Técnico en Forex
El Sensei
The video introduces the concept of technical analysis on the TradingView platform, explaining how to navigate and use the tools provided.

14. La mejor forma de utilizar las Líneas de Tendencia en Forex
El Sensei
The video explains the concept of trend lines in trading, detailing their drawing rules and significance in market analysis.

15. Estructura del Mercado de Forex
El Sensei
El video explica cómo identificar estructuras de mercado alcistas, bajistas y de consolidación mediante el análisis técnico de los puntos de estructura como 'highs' y 'lows'.

21. Lo que necesitas saber de las Velas Japonesas en Forex
El Sensei
The video explains the significance of bullish and bearish candlesticks in trading, focusing on engulfing patterns and doji candlesticks as indicators of market momentum and indecision.

26. Fibonacci alcista y cómo utilizarlo a tu favor en Forex
El Sensei
The video explains how to apply the Fibonacci trading strategy in bullish market structures, detailing the process of drawing Fibonacci retracement levels and providing examples.