Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive supply (down) and demand (up). Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying. As demand increases, prices advance and as supply increases, prices decline. When supply and demand are equal, prices move sideways as bulls and bears slug it out for control.
Support:
A support level is a price level where the price tends to find support as it is going down. This means the price is more .....
Resistance:
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means....
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