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Spotting Major League Support & Resistance

In the latest entry to his lesson series, Sami Abusaad builds on last week’s lesson to catch you up to speed on major price support and resistance. He kicks this video off with a review of minor support and resistance, but, if you missed the last episode, do yourself a favor and catch up here. Your P&L will thank you!

This lesson focuses on how you can use this concept to exploit the opportunities that present in a sideways trading patterns. The market often gets stuck that way, so understanding when to make your move in this situation is essential.

In fact, this concept is so powerful, Sami knows traders who live comfortably by exclusively buying stock at/near support and selling at/near key points of resistance.

Sounds crazy, but Sami just gave you the keys to car. Drive your way to comfortable living on one concept now: