🔥 Easy Way to Find Support & Resistance Using ZigZag (Swing High/Low) 🚀
📌 What is Support & Resistance?
Support (Buying Zone) → Price touches a level and bounces up multiple times.
Resistance (Selling Zone) → Price touches a level and drops down multiple times.
🛠 Step-by-Step Method to Find Strong Levels (EASY WAY!)
✅ 1. Use Swing High/Low (ZigZag) Indicator
Swing Low (Green Dots) = Possible Support
Swing High (Red Dots) = Possible Resistance
If a level touches 2-3 times, it becomes a STRONG SUPPORT/RESISTANCE!
✅ 2. Draw Horizontal Lines on Key Swing Points
Go to 1H, 4H, or Daily Chart
Mark recent Swing Highs & Swing Lows using horizontal lines.
Higher Timeframes = Stronger Levels!
✅ 3. Confirm with Other Indicators (For Accuracy)
RSI < 30 (Oversold) at Support → High chance of bounce.
RSI > 70 (Overbought) at Resistance → High chance of rejection.
200 EMA (Moving Average) → If price is above, support is stronger; if below, resistance is stronger.
✅ 4. Look for Fake Breakouts!
Sometimes price breaks support/resistance but comes back (fake breakout).
Wait for a Candle Close above/below the level before entering a trade.
✅ 5. Use Price Action for Entry
Bullish Engulfing at Support → Buy Signal 📈
Bearish Engulfing at Resistance → Sell Signal 📉
💡 Pro Tips:
🔹 Check at least 2-3 touches on a level to confirm strong support/resistance.
🔹 Use 4H or Daily timeframe for best accuracy.
🔹 Don’t enter blindly! Always check RSI or MACD for confirmation.
🔥 Final Advice:
If you're confused by too many levels, just focus on the most recent swing points & major timeframe levels (4H/Daily). That will keep things simple & clear! 🚀