What issupport andresistance?

A straight answer · Charts

01The short answer
ANSWERSupport is a price area where buying has stopped the market from falling before; resistance is an area where selling has stopped it from rising. They are zones, not exact lines, and they matter more on higher timeframes.
02Key points
  • Mark zones, not single prices.
  • Broken resistance often becomes support (and the other way round).
  • Higher-timeframe levels carry more weight.
03Go deeper

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