Support and resistance levels is the simple and universal tool. They are applicable to any actively traded markets and timeframes, they don’t lag, have been in place for decades and don’t require adjustments to historical data.
Some traders, having tried many indicators in search of a perfect system, made their trading more understandable and effective due to the use of levels alone. And it’s no surprise since all ingenious is simple. Other traders use levels as an additional tool for market analysis. After completing this course, you’ll figure out how levels can improve your trading and recognize the important role of this tool in your trading plan.