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https://www.tutorialspoint.com/forex_trading/forex_trading_pattern_study_of_trends_support_resistance.htm
In technical analysis, support and resistance represent the critical point where the forces of supply and demand meet. The other key points of TA, such as price patterns, are based on support and resistance points.
https://speedtrader.com/three-ways-to-find-support-and-resistance-levels/
Jun 02, 2016 · Support Level 3 = Pivot Point – (Resistance Level 2 – Support Level 2) The pivot points result in six total price levels composed of three supports and three resistances. These levels remain in place regardless of where the stock is trading.
https://www.ino.com/blog/2009/02/exact-swing-points-support-and-resistance/
When we are in a down trend then the swing down points act as resistance and when we are in an up trend the swing up points act as support. Marking the support and resistance points using this method of first identifying the swing points will give you definite points on a chart from which to calculate your stops, limits and projections.
https://www.xm.com/education/chapter-3/find-support-and-resistance-levels
In the chart below we can see that the uptrend line acts as support and price action appears to hold above this line. In a downtrend, prices stay below the downtrend line, which acts as resistance. It is required to have at least two points, either two peaks or two bottoms in order to draw a trend line.
https://pitrading.com/pivot-points.html
Pivot points are used to determine critical price levels of support and resistance. A pivot point is the price at which the direction of price movement changes. It is calculated using data from the previous trading day. By looking at the high, low, and close, you can calculate the next day's pivot point as well as support and resistance levels.
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