support and resistance Archives

Support and Resistance Cheatsheet (95% Of Traders Don’t Know This)

Support and Resistance Indicator / Steve Burns

In technical analysis, support is the price level on a chart that is quantified with a horizontal trend line that identifies the high probability location where buyers are located based on previous behavior. Resistance is the price level on a chart that is quantified with a horizontal trend line that identifies the high probability location […]

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What is Support and Resistance?

Support and resistance price levels on charts can show where buyers and sellers are located at different price levels. Support is created when there is buying demand at a certain level on a chart. Resistance is created at a price level where there are plenty of sellers waiting to exit when that price is reached.