{"id":102124,"date":"2017-02-13T18:32:37","date_gmt":"2017-02-13T23:32:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=102124"},"modified":"2017-02-13T18:32:37","modified_gmt":"2017-02-13T23:32:37","slug":"how-to-easily-id-support-and-resistance-on-your-charts","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/02\/how-to-easily-id-support-and-resistance-on-your-charts\/","title":{"rendered":"How to Easily ID Support and Resistance on Your Charts"},"content":{"rendered":"<div id=\"inves-1582125118\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 13, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><h3 style=\"margin-top: 0px;\"><span style=\"font-size: small;\">See an example in the chart of Bank of America (BAC) <\/span><\/h3>\n<h3 style=\"margin-top: 0px;\"><span style=\"font-size: small;\">By Elliott Wave International<\/span><\/h3>\n<p>You&#8217;ve probably heard the terms &#8220;support&#8221; and &#8220;resistance.&#8221; Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop and reverse.<\/p>\n<p>There are many different ways to identify support and resistance on your charts. In this 6-minute lesson, the editor of our <em>Trader&#8217;s Classroom <\/em>education service, Jeffrey Kennedy, shows you one of the easiest and most effective methods (example: Bank of America, NYSE: BAC).<\/p>\n<div class=\"embed-responsive embed-responsive-16by9\" align=\"center\"><span class=\"LimelightEmbeddedPlayer\"> <script src=\"\/\/assets.delvenetworks.com\/player\/embed.js\"><\/script> <object id=\"limelight_player_281280\" class=\"LimelightEmbeddedPlayerFlash embed-responsive-item\" data=\"\/\/assets.delvenetworks.com\/player\/loader.swf\" type=\"application\/x-shockwave-flash\" name=\"limelight_player_281280\" width=\"600\" height=\"500\"><param name=\"movie\" value=\"\/\/assets.delvenetworks.com\/player\/loader.swf\" \/><param name=\"wmode\" value=\"window\" \/><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"flashVars\" value=\"channelId=&amp;deepLink=true&amp;playerForm=b549182c27004e88b54afaf008c55c81&amp;defaultQuality=0&amp;mediaId=66d2a147145a4d728146e78752216096\" \/><\/object><\/span><\/div>\n<hr \/>\n<table class=\"body\" style=\"border: solid 5px #EAEAEA; padding: 10px;\">\n<tbody>\n<tr>\n<td valign=\"top\"><\/td>\n<td valign=\"top\">\n<h3>6 Lessons to Help You Find Trading Opportunities in Any Market<\/h3>\n<p>Get 6 free lessons that will teach you how to spot trading opportunities in the charts you&#8217;re using every day Elliott Wave International&#8217;s Jeffrey Kennedy shows you how to use Elliott waves, Fibonacci analysis, candlestick analysis, and more, to help you become a more successful technical trader.<\/p>\n<p><a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa668&amp;dy=aa021317&amp;url=http:\/\/www.elliottwave.com\/Free-Reports\/6-Lessons-to-Help-You-Find-Trading-Opportunities-in-Any-Market\"><strong>Get instant access<\/strong><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div>\n<p style=\"padding-top: 10px; border-top: solid 1px #CCCCCC;\"><em>This article was syndicated by Elliott Wave International and was originally published under the headline <a href=\"http:\/\/www.elliottwave.com\/r.asp?acn=9cp&amp;rcn=aa668&amp;dy=aa021317&amp;url=http:\/\/www.elliottwave.com\/Trading\/How-to-Easily-ID-Support-and-Resistance-on-Your-Charts\"><strong>How to Easily ID Support and Resistance on Your Charts<\/strong><\/a>. EWI is the world&#8217;s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>See an example in the chart of Bank of America (BAC) By Elliott Wave International You&#8217;ve probably heard the terms &#8220;support&#8221; and &#8220;resistance.&#8221; Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop and reverse. There are many different ways to identify [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-102124","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/102124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=102124"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/102124\/revisions"}],"predecessor-version":[{"id":102125,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/102124\/revisions\/102125"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=102124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=102124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=102124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}