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What is Drawing Support and Resistance Levels about?

The document provides tips on how to draw support and resistance levels on charts including: 1. Zooming out to see the most obvious levels and drawing the 5-6 most significant lines 2. Adjusting the lines to where price has touched most frequently 3. Practicing drawing support and resistance on 20-30 charts to improve accuracy It also discusses how to set stop losses including volatility, time, and structure-based stops and trailing stops to lock in profits while trends remain favorable.

Author

Joy Cheung

Language

EN