Support and resistance are two of the most important concepts in technical analysis. They are used to identify potential trading opportunities and to manage risk. What is support? Support is a ...

You see, in reality, support and resistance are price zones, not exact numbers. This is clearly visible when switching from a higher timeframe to a lower one: an horizontal line on a weekly chart ...

Round-number levels are especially prone to serve as support or resistance, as investors view pullbacks to such levels as good entry points for long positions or potential closeout points for ...

The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. It can be successfully traded by buying at support and selling at ...