How do we work out important support and resistance levels on a chart

5 methods to map out support and resistance (S&R) levels on a price chart:

1) Previous price action on the 4 hourly, daily, weekly and monthly candle sticks;
2) Using Fibonacci retracement and extension tool;
3) Using moving averages such as 10, 20, 50, 100 and 200 SMA or EMA 
4) Indicator tools such as CPR, logarithmic curve, etc

* The video below demonstrates how to spot support and resistance levels and what determines it >