Searching for Resistance & Support Levels information? Find all needed info by using official links provided below.
https://www.investopedia.com/trading/support-and-resistance-basics/
Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause, or reversal, of a prevailing trend. Support occurs where a downtrend is expected to pause, due to a concentration of demand.
https://school.stockcharts.com/doku.php?id=chart_analysis:support_and_resistance
Sometimes, exact support and resistance levels are best, and, sometimes, zones work better. Generally, the tighter the range, the more exact the level. If the trading range spans less than 2 months and the price range is relatively tight, then more exact support and resistance levels are best suited.
https://speedtrader.com/three-ways-to-find-support-and-resistance-levels/
Jun 02, 2016 · Support and resistance are price levels that the underlying stock (or any financial trading instrument) can’t break through or exceed after multiple attempts. A support level is a price level that a stock can’t seem to fall under due to the oversupply of buyers.
https://www.thebalance.com/how-to-trade-based-on-support-and-resistance-levels-4043477
Nov 20, 2019 · Minor support and resistance levels don't hold up. For example, if the price is trending lower, it will make a low, then bounce, and then start to drop again. That low can be marked as a minor support area since the price did stall out and bounce off that level.
https://www.tradingview.com/ideas/supportandresistance/
Support and Resistance levels can be identifiable turning points, areas of congestion or psychological levels (round numbers that traders attach significance to). The higher the timeframe, the more relevant the levels become. Finding the most important ones can take many hours of practice. They exist due to an influx of buyers or sellers at key ...
https://www.dailyfx.com/support-resistance
Support describes a price level where a downtrend pauses due to demand for an asset increasing, while resistance refers to a level where an uptrend reverses as a sell-off happens.
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