Support occurs at the point where a downtrend is expected to pause due to a concentration of demand. Resistance occurs at the point where an uptrend is expected to pause due to a concentration of supply. Support and resistance areas can be identified on charts using trendlines and moving averages
Using Support and Resistance After a Breakout
Old Resistance Becomes New Support – If the price breaks above resistance, that resistance level may now act as support.
Old Support Becomes New Resistance – If the price breaks below support, that support level may now act as resistance
TOP-10 Support and Resistance Indicators
Fibonacci Levels.
Support and Resistance Zones Indicator.
Linear Regression.
Margin Zones Indicator.
Trend Lines.
Fair Value Gaps.
Stacked Imbalance Indicator.
Psychological Levels.
Using Support and Resistance After a Breakout
Old Resistance Becomes New Support – If the price breaks above resistance, that resistance level may now act as support.
Old Support Becomes New Resistance – If the price breaks below support, that support level may now act as resistance
TOP-10 Support and Resistance Indicators
Fibonacci Levels.
Support and Resistance Zones Indicator.
Linear Regression.
Margin Zones Indicator.
Trend Lines.
Fair Value Gaps.
Stacked Imbalance Indicator.
Psychological Levels.
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