Trading Support and Resistance with Price Action: Head & Shoulder Trading Formation. - Paperback

by Emily Dhruv (Author)

This book seeks to teach you the concept of support and resistance using price action, as well as the
reasoning behind its effectiveness. Increasing your knowledge and understanding of support
and resistance is a vital element. The better you understand the concepts and theories, the
more effective you will be in applying the concepts taught to your actual trading.

While price action presents a somewhat objective framework for traders to work with, identifying workable zones of support and resistance requires a bit of subjectivity.

The key is to find the areas or price levels in a market where behaviors have changed in the past, thereby highlighting the potential for change in the future. That's not to say that support will always hold or that resistance will always bring sellers into the picture, but it does highlight areas where traders can look to impart strategy.