![]() That’s because we expect an increase in demand at this level, which would prevent the market price from dropping below the support. It should, or could, stop the price from falling further. Support is a price level or zone that is below the current market price. Pattern lines as Support and Resistance.So, we are going to help you better understand the concept of support and resistance. It is a simple concept but identifying these levels can sometimes be difficult, and many newbie traders make mistakes. In basic terms, support and resistance are either specific price levels or areas of the price that act as barriers to a market price moving through them. One of the most important concepts in trading and technical analysis is the identification of support and resistance.
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