The Art Of Surviving The Trading Jungle
  • About This Course
    • Introduction
    • Outline
    • Syllabus
  • Introduction to the Jungle: Understanding Capital Markets
    • Welcome to the Jungle - Your Introduction to Capital Markets
    • The Inhabitants of the Jungle - Key Players and Their Roles
    • The Trails of the Jungle - Understanding Different Asset Classes
  • Basic Survival Tools - Financial Instruments
    • Understanding Equity - Stocks and Shares
      • Evaluating Stocks
      • Factors Influencing Stock Prices
    • Understanding Debt - Bonds (The Steady Streams)
    • Derivatives - The Hidden Pathways of the Trading Jungle
      • Options: The Trader's Tool for Protection and Potential Profits
      • Futures - Navigating the Trading Jungle's Path Forward
    • Forex - The Wide Rivers
      • Understanding Forex
      • The Dance of the Major Currency Pairs
      • Forex Trading Sessions and Pair Selection
    • Cryptocurrencies - The Uncharted Territories
    • Commodities - The Abundant Resources
    • ETFs - The Mixed Terrain
  • Terrain Mapping - Market Analysis
    • Market Analysis Types
    • Fundamental Analysis for Traders: The Essential Aspects
    • Sentiment Analysis for Traders: The Essential Aspects
    • Technical Analysis for Traders: The Essential Aspects
    • How Market Works
      • The Auction Process
      • How Prices Move in the Market
      • Equilibrium Theory: Price and Fair Value
      • Is the market a Money Lossing Machine?
      • Why?
    • Technical Analysis
      • Accumulation, Manupulation, Expansion, and Distribution
      • The Buyers and Sellers
      • Types of Market Days
        • Trend Day
        • Double-Distribution Trend Day
        • Typical Day
        • Expanded Typical Day
        • Trading Range Day
        • Sideways Day
      • Chart Analysis - Reading The Language of The Market
        • How to Read Candlestick Patterns?
        • Candles We Trade
        • Marubozu Candlestick Pattern
        • Doji Candlesticks
        • Hammer Candlestick Pattern
        • Shooting Stars Pattern
        • Engulfing Patterns
        • Harami Patterns
      • Wick Reversal Setup
      • Extreme Reversal Setup
      • The Outside Reversal Setup
      • Doji Reversal Setup
      • Support and Resistance
        • Static Support and Resistance levels
        • Dynamic Support and Resistance levels
      • Floor Pivots
      • Central Pivot Range
      • Camarilla Pivot
      • Smart Money Concepts
        • Understanding The Market Structure
        • Order Blocks
        • Fair Value Gaps
        • Mitigation Blocks
        • Breaker Blocks
        • Liquidity Voids
        • Rejection Blocks
        • Previous Highs and Lows (Liquidity Pools)
        • SMC Trade Plan
        • 3 SMS Trade Patterns
        • Multi Timeframe Analysis
        • Best SMC Scalping Strategies
        • Weekly Power Of 3 Strategy
        • ICT Silver Bullet Startegy
  • Survival Strategies
    • Trading and Investment Techniques
    • Trading Principles
  • Survival Skills: Risk and Money Management
    • Importance of Risk Management in Trading
    • Position Sizing and Stop Loss Techniques
    • Understanding and Managing Leverage
    • Portfolio Diversification Strategies
  • Mastering the Elements: Advanced Trading Concepts
    • Advanced Charting Techniques and Patterns
    • Options Trading: Advanced Concepts
    • Forex Trading: Advanced Concepts
      • Meta Trader Order Types
      • Session Trading
      • Trading The News
      • Central bank Dealer Range (THE FLOUT)
      • The Judas Swing
      • Trading Suggestions
  • Survival Mindset: Trading Psychology
    • Overcoming Common Psychological Pitfalls
    • Building Discipline and Patience
    • Stress Management Techniques for Traders
  • Thriving in the Jungle: Building a Successful Trading Career
    • Developing a Personal Trading Plan
    • Continual Learning and Adaptation Strategies
    • Leveraging Technology in Trading
    • Building a Network: Trading Communities and Mentors
  • Welcome to Deer Army
    • Conclusion: Embodying the Mighty Deer
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On this page
  1. Terrain Mapping - Market Analysis
  2. Technical Analysis
  3. Support and Resistance

Static Support and Resistance levels

Static support and resistance levels are the levels that remain fixed for the period they are drawn or calculated.

  • Pivots All Types - Whether you use floor pivots, Camarilla Pivots, or CPR, all act as support and resistance.

  • Swing Levels - Swing highs and swing lows are support and resistance levels. I recommend using the higher time frame to get the best results.

  • Previous Highs and Lows - Previous day's highs and lows, Previous week's highs and lows, or previous months' highs and lows. All these levels act as important support and resistance.

  • Previous Open and Close prices - Previous days' open and close prices are also important to support and resistance.

  • Gaps - Gaps also act as important levels and can be used as support and resistance levels.

  • Supply and Demand Zones - Marking the supply and demand zones will also provide you with good reference points to take the trade.

  • Round Numbers - Institutions trade on round numbers, not on any number that they won't remember

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Last updated 1 year ago