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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:01,480 --> 00:00:04,714 So, after identifying the market condition and 2 00:00:04,726 --> 00:00:07,830 market face, we will now go over to identify 3 00:00:07,831 --> 00:00:11,425 support and resistance. Support and resistance 4 00:00:11,437 --> 00:00:14,730 is one of the most widely used concepts in 5 00:00:14,731 --> 00:00:18,293 trading and it is also the most basic principle 6 00:00:18,305 --> 00:00:21,650 in technical analysis. So, support will tend 7 00:00:21,651 --> 00:00:25,516 to act as a floor for price action. So, let's 8 00:00:25,528 --> 00:00:29,750 say this is the price. So, since support will act 9 00:00:29,751 --> 00:00:34,772 as a floor, it should be below the price. Resistance 10 00:00:34,784 --> 00:00:39,430 will tend to act as a roof for price action. So, 11 00:00:39,960 --> 00:00:44,276 it should be above the price, alright. So, if this 12 00:00:44,288 --> 00:00:48,270 is price, this should be our resistance, okay. 13 00:00:49,310 --> 00:00:55,590 Support once broken becomes resistance and resistance once broken becomes support. 1152

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