Volume is the fuel for price movement. It validates trends.
Each candle tells a story of a time period (e.g., one day).
Support – A price level where buying interest is strong enough to stop a fall.
Resistance – A price level where selling pressure stops a rise. trading technical analysis masterclass pdf
Mark these levels with horizontal lines. Price often respects them — but when it breaks through, that’s a signal.
Role reversal: Broken resistance becomes new support. Broken support becomes new resistance. Volume is the fuel for price movement
Lifestyle rule: Place your entry near support in an uptrend, near resistance in a downtrend. Place your stop loss just beyond the level.
In technical analysis, liquidity usually refers to Stop Loss orders. Each candle tells a story of a time period (e
This is the most profitable concept in TA. Supply (Resistance) and Demand (Support) zones are where institutions place their orders.
Professional traders often strip charts of indicators to trade "Pure Price Action."