🏆Support and Resistance are key price levels where the market has historically reacted.
Support:
A price level where buying pressure tends to increase, potentially preventing price from moving lower.
Resistance:
A price level where selling pressure tends to increase, potentially preventing price from moving higher.
These levels are formed because traders often make decisions around previous reaction points in the market.
HOW PRICE INTERACTS WITH S&R
Support Rejection:
Price reaches support and moves higher.
Resistance Rejection:
Price reaches resistance and moves lower.
Support Breakout:
Price breaks below support, potentially signaling further downside.
Resistance Breakout:
Price breaks above resistance, potentially signaling further upside.
WHY ARE SUPPORT & RESISTANCE IMPORTANT?
✓ Identify potential entry zones
✓ Identify potential exit zones
✓ Spot breakout opportunities
✓ Understand market reactions
✓ Improve risk management
SIMPLE IDEA
Support acts as a floor.
Resistance acts as a ceiling.
When either level breaks, it can often switch roles:
• Broken resistance may become support.
• Broken support may become resistance.
Support and Resistance are among the most fundamental tools used in technical analysis across Forex, Crypto, Stocks, and Commodities.
🥇“The Z impact” trading team is here to help new traders with technical analytics and fundamentals.
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📞Support: t.me/theZSupport
💎Our website: TradeZimpact.com
💡Our Channel: t.me/TheZimpact
⚜️Mostly trading indicators
📞Support: t.me/theZSupport
💎Our website: TradeZimpact.com
💡Our Channel: t.me/TheZimpact
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🥇“The Z impact” trading team is here to help new traders with technical analytics and fundamentals.
⚜️Mostly trading indicators
📞Support: t.me/theZSupport
💎Our website: TradeZimpact.com
💡Our Channel: t.me/TheZimpact
⚜️Mostly trading indicators
📞Support: t.me/theZSupport
💎Our website: TradeZimpact.com
💡Our Channel: t.me/TheZimpact
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.