In this episode, Brian discusses the importance of understanding support and resistance in technical analysis for swing trading. Support is the price level where a stock tends to stop falling and bounce back up. Resistance is a price level where a stock tends to stop rising and pull back. Mastering support and resistance is crucial for reading charts and making informed trading decisions.

As you listen to this episode you will learn different methods to identify support and resistance, including horizontal lines, trend lines, moving averages , and Fibonacci retracement levels. Understanding support and resistance helps bring order to the market, manage risk and improve trade entries and exits.

Episode takeaways:

Support and resistance levels are critical areas on a chart where the balance between buyers and sellers shifts.
Understanding support and resistance helps bring order to the market and reduces the feeling of chaos.
Support and resistance levels are important for risk management and help identify where to place technical stop losses.
Support and resistance levels can improve trade entries and exits, increasing the chances of entering a trade at the right time and maximizing profit potential.
Practicing charting support and resistance on different stocks is essential for developing this skill set.

We hope you enjoy the episode and it helps you on your journey to becoming a consistently profitable swing trader.

Do you have a question or want a topic covered on the podcast? Email Brian at brian.montes@icloud.com

Interested in joining a community to speed up your learning curve as a swing trader? Check out the Disciplined Traders Academy for community, coaching, education and trade ideas. Use the link below to learn more!

https://bit.ly/3Mm41N9

Last but not least, here is the free video training to show you what horizontal support and resistance looks like on a chart. https://www.loom.com/share/84ef580cf30841e989b21feed29b92eb

Understanding Support & Resistance: Brin...