What is a bearish resistance line? It’s a very important element of any point and figure chart. Bullish support lines and bearish resistance lines help us to identify a security’s trend. Knowing whether a potential investment is in a positive or negative trend can help us determine its odds of success.
In this video, Tom shares a text book example of a strong bearish resistance line. By following along with him on the screen, you’ll gain a clear understanding of the resistance line’s importance.
Make sure to watch our previous video where we cover additional bearish resistance line basics here: https://mullooly.net/what-is-a-bearish-resistance-line/8073