What Is Support And Resistance?

What Is Support And Resistance? – A ball hits the floor and bounces. Toss it up, and it’ll drop after hitting the ceiling. Support and resistance are like a floor and a ceiling, with prices sandwiched between them. Understanding support and resistance is essential for understanding price trends. Rating their strength helps you decide whether the trend is likely to punch through or to reverse. What Is Support? Support is a price level where buying is strong enough to interrupt or reverse a downtrend. When a downtrend hits support, it…

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