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Be smart when trading support and resistance! Being smart when trading support and resistance. We know what support and resistance are - if not check some of our past videos.
You have to think about how valid is the level you've drawn. Not all support and resistance levels are created equal - some have more weighting. The reason for the support and resistance levels is basically - is the market going to break out thru it or is it going to hold? Evaluating the levels helps you to trade the breakout or say a possible bounce. Does support always become resistance? How do you determine strong support and resistance? OK.
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