3 Ways To Confirm Support & Resistance - Footprint Chart Trading | Axia Futures

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Why does support and resistance sometimes work while not at other times? In this footprint trading session Brannigan looks at how to identify real support and resistance, and why these levels are not just lines, but rather areas where buyers or sellers repeatedly interact to hold prices a number of times.

The first example of confirming support and resistance is with the key auction reversal footprint strategy in the WTI oil market.

The second example is of support or resistance being broken. and reversing to its polar opposite. Branningan notes the importance of being patient for the market to return and retest the level to see buyers or seller having replaced the the other in their interaction dominance at the level.

The third example of confirming support or resistance is the footprint pattern of an elephant order or ice-berg order absorbing a level.

When it comes to breakouts and reversals, the footprint chart is the ultimate tool because it gives you the earliest clues of changes taking place in a market, and most importantly it shows you the real interaction at key levels, instead of merely guessing.

Using this tool not only gives you better clues of when to buy or sell, it improves your the timing of you execution so that you can leverage up your trading while minimizing risk.

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[NouhAlmasaoudi]

this guy is smart when he spoke about the logic when the big buyer stepped in but the big seller was there .. logic requires patience and cold blood when trading . I like the video .

[kkqd]

Fascinating video. Do you have more examples of the footprint on "thicker" markets?

[Brettly]

do you have a video on the actual numbers inside the footprint chart boxes.?
what does it all mean.?

[simphiwehlela]

how to identify proper rejections and trade on them?

[navketan]

SIR, When trading forex with daily support/resistance levels trades get executed infrequently--so next choice is S/R 4 H chart levels, as directional bias & 15M chart price action live execution. Anyone recommends putting standing orders at 15M, S/R levels in direction of 4H trend in 6-8 forex pairs every day & SIT. After all at S/R levels odds of TRADING EDGE are still better than even, Each order has stop loss but no TP--need your wisdom.

[DT-vulp]

Thanks for the great content mate! Some absolute knowledge bombs you're dropping 🙌

[brendanlamb]

Crazy watching this video and seeing the price of wti now.

Great video though, very helpful!

[martinstanleyelkjr]

which course on your website is this footprint course in ?

[Tiffy_]

Why is the elephant on the bids and not the offer?

[henrik]

Is footprint chart on tradingview enougth legit to actually work?

[cwebbwash]

Hi Brannigan, you spoke about how timing is what separates bad ass traders. It seems like you use the "elephant" buy order to illustrate an example of this timing. However, was there a way to catch or time the breakout of the low of the day that you talked about at 11:45 in the video? There was no pullback to this level for an opportunity to get short, so I'm guessing the only way would be to hit bids as soon as the absorption was broken through? Or was this a trade you would simply pass on?

[fredbarker]

Vert insightful information thank you.

[mouhcinewakach]

Hello, thank you very much for the efforts, how do you get the number of lots inside the candles? Thank you.

[dbaq]

Aussie. greetings from the United States of America!

[KELLY-qmsl]

thank you very much sir you have open my eyes

[haydenh]

Why does it sometimes work, why does it sometimes not work, cos like all strategies, it doesn't work at all except by coincidence.
Just saying.
Hayden