How do I determine support and resistance with pocket options?

Asked 4 years ago

Hi, I'm completely new to this, and I'm trying to understand how support and resistance with pocket options work. How am I supposed to be working with this? I've watched many YouTube videos about this, but I must be missing something because I don't get it. Any guidance would be greatly appreciated.

Pocket option Support and resistance

Emmanuel Ajala

Thursday, June 17, 2021

Support is the line or price point where the financial instrument (stock, cryptocurrencies, and so on ) hits but had difficulty breaking below. While Resistance is also the price point or dollar amount where the financial instrument hit at the top but is unable to move past it.  
Determining the support and the resistance on a chart requires a great understanding of the graph and a clear knowledge of different technical analysis tools. To be able to effectively determine support and resistance, you need a firm understanding of tools like the horizontal line, trendline, chart patterns, Fibonacci tools, channels and so on. 
Since you've started watching tutorial videos on youtube, I think you'd need an expert technical analyst to sit beside you and walk you through a live chart. Through this, you'd have practical experience of how to analyze a live trading chart.