How to Draw Support and Resistance Levels

December 5, 2021

Help Center
Drawing Tool
Horizontal Lines
How to Draw Support and Resistance Levels

The support level is drawn on the lowest prices, that is, the lower shadows of the candlesticks.

Choose a few lowest prices and draw a line through them using the horizontal line tool.

The resistance level is drawn on the highest prices, that is, the upper shadows of the candlesticks.

Choose a few highest prices and draw a line through them.

The more lowest and highest prices you use to draw levels, the more accurate they are.

Use timeframes from 1 hour and longer. The older the timeframe, the more accurate the support and resistance levels.

Was this article helpful?

Like 1 Dislike 0

Next Step

Previous: What is a horizontal line?

Next: Support and Resistance Level Breakthroughs

The company is committed to meeting your global asset trading and investment needs

All transactions involve risks, and the loss may exceed your deposit.

Follow Us on

Getting started

Up to $100000 in virtual capital

Start real contract trading

Risk Warning : Trading CFDS on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.