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https://www.investopedia.com/trading/support-and-resistance-basics/
Defining Support, Resistance Support is a price level where a downtrend can be expected to pause due to a concentration of demand. Once an area or "zone" of support or resistance has been...
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.
https://priceaction.com/price-action-university/strategies/support-resistance-levels/
Support and resistance levels are horizontal price levels that typically connect price bar highs to other price bar highs or lows to lows, forming horizontal levels on a price chart. A support or resistance level is formed when a market’s price action reverses and changes direction, leaving behind a peak or trough (swing point) in the market.
https://tradingstrategyguides.com/support-and-resistance-strategy/
Apr 26, 2017 · Resistance is the level where price finds it hard to break through to rise above it until it fails to and is pushed back down. You should always suspect a reversal at Support and Resistance as there is a high probability that price action will reverse at those key levels.4.2/5(25)
https://dailypriceaction.com/blog/how-to-draw-support-and-resistance-levels/
Jul 11, 2014 · A support and resistance level is simply a level in a market at which traders find a price to be overvalued or undervalued depending on current market dynamics. This creates a level in the market that can act as support or resistance depending on various factors surrounding each currency.
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