SigmaForex Charts Headline Animator

SIGMAFOREX SEARCH

Wednesday, January 20, 2010

What are support, resistance & trend?

Support: is the price level at which demand is strong enough to prevent the price from declining further.

Resistance: is the price level at which selling is strong enough to prevent the price from rising further.

-There is no support without resistance & there is no fixed support or fixed resistance in which each support can be a resistance next period by breaking prices below a support level, the broken support level can turn into resistance & Visa versa.

No comments:

Post a Comment

Subscribe via email

Enter your email address:

Delivered by FeedBurner