Support & Resistance Basics
An excerpt from our Academy Module.
Executive Summary: The "Why" and "What"
Why Learn Support and Resistance?
Support and resistance levels are fundamental to understanding market movements and trader psychology. They are crucial tools for predicting future price actions, making informed trading decisions, and managing risk effectively.
What are Support and Resistance?
- Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of an asset drops, demand for ...