Finicade
🔍 Sign in
Trading & Technical Analysis

Support and Resistance

Also called: support level, resistance level, key level

Support is a price level where buying has repeatedly stopped a fall; resistance is where selling has stopped a rise. The mechanism is partly reflexive: enough participants watch the same levels that orders cluster there, making them self-reinforcing. Once broken, a resistance level is conventionally expected to act as support, which is the most-used idea in all of charting.

← All Trading & Technical Analysis terms