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One of the most difficult concepts for beginning traders to grasp happens to be support and resistance .   This may happen because you rarely notice support and resistance until you actually encounter it, and even then it's still tough to realize what's going on without going with multiple timeframes . 

There is a lot of effort and time that go into using technical analysis training to find out in the market where support and resistance levels are.   Many different tools have been used , including retracement levels, trend lines, moving averages, and even candlesticks .

Some work and some don't , and more aggravating , some work from time to time but not all the time .   Knowing when a tool or indicator will be reliable is information worth a lot of money .

Because many people only use one tool, their efforts may fall short, and try to apply it to a single timeframe , and they work to use it under every condition.   You reap better results when various tools, optimized for a particular condition of the market , are employed in a well-thought-out and highly organized program that takes into consideration trends and congestion.  Technical analysis training will show that further progress towards accuracy will occur as you use various tools and apply them to different timeframes and there is consideration of the various results.

You get the best results when a comprehensive theory of market action is employed that can help the trader understand what the market is doing right now , why the market is doing that, what's going to occur rather quickly, and supply the trader with projected levels of support and resistance that can be monitored as the market goes forward in real time.

A tall order ?  Maybe , but it has been accomplished in a number of major technical analysis systems .

The following are several definitions.

Something below price is support, and this force when encountered helps to raise prices back up to where they were. It consists of buyers who are present in the market but waiting to move until price reaches a certain level , or of position holders that are short and forced to purchase if the market begins going against them .   Those buyers that bunch up around a specific price that make support occur .

Resistance deals with something that is above price , and it is a force that when encountered pushes price back down into the range from where it came . This involves sellers in the market that are waiting to act until prices hit a certain point , or of long position holders who may be forced to sell if the market runs against them . 

You can identify support and resistance with technical analysis that is conventional like a 10-period moving average . Or this can be represented with a system that is more evolved that you learn about by technical analysis training like Drummond Geometry .

With this method we see a more evolved use of tools to create higher time period overlays of support and resistance areas onto a daily chart from the monthly and weekly charts . These more developed methods provide better support for traders making decisions to sell or buy. With this method you will see that the support and resistance areas are projected into the future , so traders can be prepared as the market goes on.

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