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.
SIGMAFOREX SEARCH
Wednesday, January 20, 2010
What are support, resistance & trend?
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