Support & Resistance

Support

 

A support level is level where the price tends to find support as it is going down. This means the price is more likely to “bounce” off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level.

wikipedia Support and resistance

 

ssupport2 support

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Resistance

 

A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means the price is more likely to “bounce” off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely that it will continue rising until it finds another resistance level.  Wikipedia Support_and_resistance

Resistance

 


Support and Resistance

Support and Resistance

Support and Resistance

Support and Resistance2

Support and Resistance3