3. Support and Resistance
Last updated
Last updated
Support: sell off to the lower price are likely to pause or reverse.
Resistance: rally back the higher price are likely to stall or reverse.
People believes when the price hit to the Support/Resistance again, the price action will be the same again. NOT always, but most of the time.
Support and Resistance DOES NOT mean reverse, price can also pause & stall there.
