Dynamics of Support & ResistanceJune 10th, 2020
How can traders better identify and understand support & resistance levels as they occur? In this short clip from his webinar Find Real Time Support/Resistance, Anthony Drager of Verbal Journal discusses understanding why there is support & resistance on a chart can help determine market direction.
“Shorts have to buy, and if there’s a lot of shorts that get stuck in a certain area – which you get better & better at identifying – that’s going to be your best support.”
Anthony also provides a unique comparison of traders stuck on the short side to “baby birds” that’s sure to resonate with some seasoned traders out there.
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