As a price moves up and down on charts, it encounters “barriers” along the way. If a barrier acts like a floor and keeps the price from dropping any lower, then it is known in trading terminology as support. When it acts more as a ceiling and stands in the way of upward moves, it is called resistance...
Source:bforex
Source:bforex
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.