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https://www.mytradingskills.com/support-resistance-levels
A support level refers to a price-level at which the price had difficulties to break below, while a resistance level refers to a price-level at which the price had difficulties to break above. As a result, traders anticipate that those levels could again form an obstacle for the price in the future.
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...
https://www.swing-trade-stocks.com/support-and-resistance.html
How to Identify Support and Resistance Levels on a Stock Chart. Support and resistance identify areas of supply and demand. But what exactly is supply and demand? Supply is an area on a chart where sellers are likely going to overwhelm buyers causing the stock to go down.
https://priceactioncourse.com/how-to-identify-key-support-and-resistance-levels/
May 30, 2017 · Another quick way to identify support and resistance levels is to scan the chartsto see areas where prices have formed recent support/resistance levels. If a bullish run terminates at a price level (say 1.2450), and retreats before assuming another bullish run that terminates at the same price of 1.2450, then 1.2450 is a resistance level.
https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2014/03/08/3_Simple_Ways_to_Indentify_Support_and_Resistance_in_Forex.html
Another great way to find support and resistance levels is to mark levels in the past where price had a difficult time breaking through. As price moves up and down, each level that price has...
https://www.learntotradethemarket.com/forex-trading-strategies/7-types-support-resistance
You can consider this the first step in regards to support and resistance levels and it’s the first thing you should do when analyzing any chart. Notice the ‘bird’s eye view’ we get by zooming out to the weekly time frame. Here we can identify major support and resistance levels, trends and trading ranges…
https://www.thebalance.com/how-to-trade-based-on-support-and-resistance-levels-4043477
Nov 20, 2019 · Major support and resistance areas are price levels that have recently caused a trend reversal. If the price was trending higher and then reversed into a downtrend, the price where the reversal took place is a strong resistance level. Where a downtrend ends and an uptrend begins is a strong support level.
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