... that you always need to remember:
◾Support is where price finds a demand level, buyers are willing to buy while Resistance is where a supply level, sellers are willing to sell.
◾Once a support breaks, it turns to a resistance; vice versa, a resistance turns to support once it is broken.
◾Support and Resistance can be best defined in RANGE or ZONE.
◾This is one of the most important lesson when it comes to trading, people tend to underestimate it. Please do not.
Undoubtedly, the support and resistance are two of the most fundamental attributes of technical analysis. Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level, or violate the price level and continue in its direction—until it hits the next support or resistance level.
At first, the explanation and idea behind identifying these levels seem easy, but as you'll find out, support and resistance can come in various forms: horizontal level, trendline, moving averages, pivot, etc. and the concept is more difficult to master than it first appears which we will be discussing for the next tutorials.
Thanks for reading! ❤️
