Visit our FAQ page to find the answers to the most commonly asked questions, including how to create an account, explaining ETFs, and providing useful links, forms, and tables.
Start investing in South African shares the smart way. Discover ThinkTrader today.
Trade up today - join thousands of traders who choose a mobile-first broker.
Deepen your knowledge of technical analysis indicators and hone your skills as a trader.
From beginners to experts, all traders need to know a wide range of technical terms. Let us be your guide.
No matter your experience level, download our free trading guides and develop your skills.
Trade smarter: boost your skills with our training resources.
All the latest market news, with regular insights and analysis from our in-house experts
Make sure you are ahead of every market move with our constantly updated economic calendar.
Harness past market data to forecast price direction and anticipate market moves.
Boost your knowledge with our live, interactive webinars delivered by industry experts.
Engaging, in-depth macroeconomic analysis and expert educational content from our in-house analysts
Harness the market intelligence you need to build your trading strategies.
ThinkMarkets is the Official Global Trading Partner of Liverpool FC
Find out more about ThinkMarkets, an established, multi-award winning global broker you can trust.
Discover a range of rewarding career possibilities across the globe
Security of your funds is our number one priority. We safeguard our Client funds in top tier banks.
Keep up to date with our latest company news and announcements.
When it comes to the speed we execute your trades, no expense is spared. Find out more.
Our multilingual support team is here for you 24/7.
Global presence, local expertise - find out what sets us apart.
Join thousands of traders who choose a mobile-first broker for trading the markets.
Get $25,000 of virtual funds and prove your skills in real market conditions.
Free guides to help you get started with trading and market analysis.
Disclaimer: The trading guides provided do not contain and should not be considered to contain any personal investment advice or recommendations. It does not guarantee a better trading performance on your live trading account. You could lose all your initial investment when trading on a live account.
Perhaps the key building block of technical analysis -- the most fundamental component -- is support and resistance analysis. Support and resistance can be thought of as key levels that are likely to be where orders are placed; as such, they are, akin to key battle area in the ongoing war between bears and bulls. A deep understanding of support and resistance can help traders learn where to expect reversals, where trends may gather momentum, and where to place orders. Specifically, this guide goes into the following technical analysis concepts:
Defining the terms support and resistance
How to draw horizontal support and resistance lines
Understanding the concept of support and resistance zones
Using candlestick patterns to validate support and resistance areas
Drawing diagonally sloped support and resistance lines (also known as trendlines and price channels)
Using pivot points to mathematically identify where support and resistance levels may emerge
Fibonacci lines and how they can be used to measure how far markets can go before running into support and resistance levels
How the moving average of price is something traders watch, and thus can also be used as a support/resistance indicator
Confluence: Putting it all together to identify high probability setups
Complete the form to view the ThinkMarkets Guide to Support and Resistance and all our other guides as well. Enjoy a free preview of the Table of Contents below.