Original subtitles

0 Hello, guys, and welcome to the final video in this lecture, where I will perform the top-down analysis 1

on crude oil. 2

This strategy works with the same efficiency, whether you trade in forex commodities, metals or stocks. 3

Once again, I will plot major support and resistance levels and crude oil monthly chart. The criteria 4

remains the same as in all other video analysis we discussed earlier in the section. 5

Once you have accomplished learning the concepts we have studied so far in this course, you have learned 6

the key foundations of this strategy. Even though what you have learned can be easily 7

applied to any market., 8

I strongly advise you to please focus on the guidelines I taught you while labeling these key support and 9

resistance levels. 10

The strength of top-down analysis in support and resistance trading is such that this approach tells 11

you whether a trading opportunity is available in the near future or not, and thus you will be able 12

to wait for the right set up to occur at these support and resistance zone that 13

you have plotted on the daily and 4-hour timeframes. 14

Now, coming back to this video, let us switch to lower timeframes now once we have all the key support 15

and resistance levels on a monthly chart. 16

Here on daily charts, I will zoom out to capture large data so that I can plot a resistance zone on 17

crude oil. 18

Next, I will plot the support zone in the same way that I've been teaching you in this section. 19

And finally, you can see that price is very near to key resistance and possible sideways movement in the 20

direction of support zone could occur here. 21

Traders, I'm confident that what you have studied in this section is enough to understand how to draw support 22

and resistance levels and znes on any freely traded market. 23

This also conclude Section 3 of the course. 24

And I will see you in the next video.