Tag Archives: Support and Resistance

In reading a chart for any liquid instrument, traders will notice that prices usually move in continuous peaks and valleys. The direction of these peaks and valleys gives us a lot of valuable information about the price action and direction.  They also help us in determining the direction of a trend and levels of support [...]

Introduction Support, as the name implies, indicates a price level or area on the chart under the current market price where buying interest is sufficiently strong enough to overcome selling pressure. As a result, a decline in price is halted and prices are turned back up again. The troughs and peaks of trend lines are [...]