HomeРазвлеченияRelated VideosMore From: TheChartGuys

How to Use Support and Resistance By: ChartGuys.com

879 ratings | 66901 views
When to wait for a candlestick to close vs. when a break of resistance or support signals a trade. How to Use Support and Resistance By: ChartGuys.com NEW Course: https://chartguys.com/courses/entries-exits/ Find more information on commodities and gold technical analysis: http://www.thechartguys.com/tickers/gold http://www.thechartguys.com/tickers/commodities Please Signup for a FREE trial on our website to learn Technical Analysis: We offer multiple hours of live webcam coverage a day, in addition to continuous chat room coverage. Join the community today. Chartguys.com Candlestick Support and Resistance Technical Analysis Facebook Page: https://www.facebook.com/thechartguys... Chartguys.com Technical Analysis FREE facebook community: https://www.facebook.com/groups/thech... Stocktwits: http://stocktwits.com/ChartGuysDan Candlestick support and resistance support and resistance support & resistance support and resistance for beginners understanding support and resistance how to use support and resistance
Html code for embedding videos on your blog
Text Comments (58)
Old Fart In Crypto (2 days ago)
Thanks!
Bassam Daoud (5 days ago)
very confusing video. All these chart curves and indicators, what for? you can't see the tree from the wood. My opinion.
Bassam Daoud (5 days ago)
I did that 12 years ago. I've been actively trading for the last 9 years big times. I am not downplaying your video. just thought those indicators overshadow the true picture. Keep it up.
TheChartGuys (5 days ago)
Sounds like you should start with "intro to technical analysis"
star study (21 days ago)
Thanks
Andre Ho (1 month ago)
Really good video. Love it !
GreatthinkingJK (2 months ago)
Im so fucking lost. I wish I understood.
Clive's English Corner (2 months ago)
Can't we triple like a video?
Liam Kimball (2 months ago)
For the example at 14:33, if the price breaks the support line could it lead to an immediate decline?
vincent ianto (2 months ago)
do good things :)
Aaron (4 months ago)
7:30 ... Why would you want to enter a bearish candle before it's done forming? Even if you know it's likely heading to the next support line, wouldn't you still only be placing an order and waiting for the price to drop to that support, or waiting and then buying at that support? Wouldn't it make more sense to use this Volume/"Time in the hour" info as useful for when to exit (sell), wait for the dip to the support, then enter (buy) again?
Sibzi Also him (2 months ago)
Aaron its a gamble that the support will hold if support does not hold use a stop loss.
Ruzicka Iddings (4 months ago)
try *First Million Road* - for future millionires
Linda Soper (4 months ago)
I dont know where it was my computer but this had no sound
acmedata (5 months ago)
Is using an hourly, or a daily chart better to look for the resistance and support levels?
Ivan Castano (6 months ago)
Thank you for a great video with very good explanations. I am curious. When does the previous trend performance matter most when analyzing whether to get into an inside candle break? And what is more important a signal - the MA close above or below or the MACD bull or death crosses?
Ivan Castano (6 months ago)
In 18:26 you cite a doji or indecision candle stick with similar top and bottom wicks... Does that mean that when the wicks differ, say a top wick being larger than the bottom, does that mean we are in a bullish doji - or are all dojis indecision candles regardless of wicks' performance?
Frank Danna (7 months ago)
Such a valuable video, thank you!
Jose Baldizon (7 months ago)
I'm just dipping my feet into options, so I'm very confused. The mouse was moving all over the place and I couldn't' keep up with your pace of explanation. Too much information packed into a small amount of time for me.
Ivan Castano (6 months ago)
Yes, I guess the slow-motion explanations come in the paid course :( But if you keep on watching the videos you will get it!!!
Wading InWeed (7 months ago)
Thanks a million for posting all of your tutorial videos.
Ciapha Wiles (8 months ago)
Youre the man! Much appreciated opportunity to learn from all your videos. Thank you
TheYagga (8 months ago)
is there a playlist.. dont want to skip any
SimplyDusty (8 months ago)
im confused as to why there are so many moving average lines. Which one do you follow the most? also when you say enter a bear trade to the downside, how do you make profit off that? Don't you only profit off the bull runs? thanks
Bry The Nice Guy (20 days ago)
Look up what "short selling a stock" is. It will answer the last part of your question.
TrunXo4 (6 months ago)
i was also going to ask the same as the second part of ur question .. how can u make gains when a price is going down even tho u reconize its going down ?
Ayush Crypto (9 months ago)
Hi, i did not understand the following 1. Volume increases by 50% in a span of 20 mins (stock price going down). Generally volume increase is accompanied by increase in stock price right? 2. If i know by the above information that in 20 mins itself the volume increased by 50% , how does it help. Instead if i waited for the close and bought the shares, that would have been a higher dip. P.S. I have just started to learn about technical analysis and very interested to complete the whole course
Back BENCH Student (9 months ago)
Really u r great but I have one dought u r showing weekly charts but most of the people doing for long term analysis so can you tell which is best
TheChartGuys (9 months ago)
Thanks, weekly and daily are time-frames for swing traders
The Millennial Sage (9 months ago)
Just to clarify, when you say, "enter a bearish position" are you referring to shorting the stock?
TheChartGuys (9 months ago)
That or put options yes
ali mostafa (9 months ago)
Hi im very new to trading and derivatives your videos have helped me alot. i have a question because im losing hard the thing is i have selling orders on 59.89 and 61.10 do u think i should wait for the rebound or just sell short and go with the bulls ?
Ton-Up Recycling (9 months ago)
does anyone have the jpg of all the different patterns ?? I saw it on reddit and it had like 20 different patterns , like flag, head and shoulders, etc...???
Richard Hackett (9 months ago)
When it comes to technical analysis, whats the difference for analysis for cryptocurrency and the stock market? Do the same rules apply or are they slightly different?
Papo Pepo (10 months ago)
These videos are awesome! The only thing is I lack some of the basic terminology you are using such as support and resistance and bearish breaks. Where can I look into these more so I can understand your videos better?
Todd_04 (9 months ago)
Who are you 0_o thanks for the insight
Trend Wave (9 months ago)
A "hammer" is a candlestick which appears when there is a lot of either selling pressure or buying pressure.Some people refer to it as a price rejection. The long pin will form from where price was rejected( pin below body = price was rejected from below and expected to go up). The long pin on top, shows rejection of higher prices. A hammer  can be shown in two ways : bullish with the head on top of the pin (showing a lot of buying pressure) or upside down with the pin on top of the body(showing selling pressure).A reversal in price, MAY(not always) take place if you see this candlestick at the end of a trend.You would see a bullish reversal hammer at the end of a downtrend or down-move.You would see a bearish reversal hammer at the end of an uptrend or up-move.Cheers,,
Papo Pepo (9 months ago)
What is a reversal bullish hammer?
Trend Wave (9 months ago)
Think of support and resistance like :Support is your floor (the low). This is where buyers will come in to support price at a certain level.Resistance is your ceiling (high). This is where sellers will come in to sell at that level.Usually if support is broken, price will fall thru the floor and not be able to come back up as it now becomes weak.Likewise if resistance is broken, it will now hold price above that level it broke thru because of strength.A bearish break means a break of the low and price will usually fall.Hope this helps !!
Siphamandla Tshuku (11 months ago)
Very nice and clear Video. Thanks a lot How do you keep up with so many lines ?
Positive Investing (11 months ago)
Siphamandla Tshuku you gotta pick the important ones! Haha but if you draw it yourself typically you know which ones are important. *New Stock Market Videos Now*
Klaus Zensen (1 year ago)
In 24/7/365 crypto trading, there is no "profit taking" at the end of the day or week or quarter... in other words, no more closing positions just because it's the end of the trading day or week. Does this reduce the value created by candle stick analysis in any way...?
Mark Bankert (1 year ago)
What web-based charts are you using in this video?
Trend Wave (9 months ago)
Stockcharts.com offers free charts as seen in this video as well as Tradingview.com
Jose Jerry Aiden (1 year ago)
Tradingview.com
lars2x (1 year ago)
Hey i got a question. at 7:57 you are saying that you would enter the bearish market, since you put all the signs together. But why would you do that? Isnt buying something, that would lose its value a bad idea, since then you would lose money?
Mohammed Zaki (9 months ago)
It just before closing , you won't be 100% in what time your stock will be clsoing so you entering just before clsoing, Honstly it kinda of risky for beginner , Would wait to the next cnadle then decide wither to enter or not Good luck
Jake Bacon (10 months ago)
lars2x it's entering a short position. Look up selling a stock short
Pablo Vidal (1 year ago)
8:20 Can you explain why does the previous low price influence the bearish behaviour? Thanks!
Ayhan Melih Sarı (1 year ago)
WTF
Parichay Verma (1 year ago)
Is it necessary that the closing price of 1 candlestick should coincide with the opening price of the next candlestick?
Parichay Verma (1 year ago)
Can u please explain the reason so as to why role reversal takes place with support and resistance? Thanks.
Jeevraj (1 year ago)
Can you do a video for how to draw support and resistance line.
Positive Investing (11 months ago)
Jeevraj you look for levels where the stock seems to bounce off of. *New Stock Market Videos Now*
Wei Fu (1 year ago)
great video, thanks for your work!!
Janet Wagner (1 year ago)
Dan nails it again thank you so much
IB (1 year ago)
Very useful thank you
ckoockoo (1 year ago)
Makes things pretty clear, I love your videos as always so glad to have found you guys

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.