What is Support and Resistance | A Complete Guide
What is Support & Resistance | Complete Guide
One of the trading principles that is most frequently utilised is "support and resistance." Key intersections where the forces of supply and demand converge are represented by support and resistance. Prices are influenced by excesses in supply (down) and demand in the financial markets (up). Supply is a term for selling, being bearish, and being a bear. Demand is the same as buying, being bullish, and being a bull. In this article and others, both terms are used interchangeably. Prices rise as demand rises, whereas prices fall as supply rises. Prices fluctuate sideways when supply and demand are equal and bulls and bears compete for dominance.
#supportandresistance #learningoutlet