Support and Resistance:
* When the price approaches an important level from below it is called Resistance.
* When the price approaches an important level from above it is called Support.
* When resistance is broken with power it becomes Support.
* When support is broken with power it becomes Resistance.
Meaning of Support and Resistance:
1. what is Support?
Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest.
2. What is Resistance?
Resistance is a price level where an uptrend can be expected to pause due to a concentration of supply or selling interest.
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