$TRB Identify Peaks and Valleys:

Look for horizontal peaks (resistance) and valleys (support) on a price chart.

Connect these points with lines to create trendlines.

In an uptrend, connect higher highs; in a downtrend, connect lower highs and lows.

Angular Momentum:

Drawing support and resistance lines is like deciphering a “Magic Eye” picture.

Adjust your perspective to see the bigger picture.

Example: Observe $AAPL’s daily chart with three touches of support and resistance1.

Multiple Criteria:

Consider multiple factors when drawing levels:

Swing highs and lows.

Historical price action.

Recent levels.

Obvious levels.

Levels that serve as both support and resistance.

Practice and Patience:

Learning to draw S&R takes practice.

Study hundreds of charts over several months.

Use technical analysis indicators (e.g., moving averages, VWAP, MACD) for better precision12.

Remember, when going long, buy at support; when going short, sell at resistance. Keep it concise and effective! 📈🔍

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