Hello traders..

Especially beginners like me. Do you know what Support & Resistance is? And How to Recognize It?

For those who are just starting out in the world of trading. The concept of stock support resistance is one of the most frequently discussed attributes in technical analysis. These two terms are used to refer to price levels on a chart or graph that act as markers of price movements that do not penetrate a certain value. For a clearer example, support and resistance can be seen using candlestick charts.

What is Support & Resistance? Support is defined as support and resistance means resistance. In price movements, support is the lowest point or area that cannot be penetrated by a downward price movement, while resistance is the highest point or area that cannot be penetrated by an upward price movement.

Technically, the definitions of both are as follows.

Support = an area where the price cannot penetrate and can turn up, located below the current price, usually responded to by buy action

Resistance = an area where the price cannot penetrate and can turn down, located above the current price, usually responded to by sell action.

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