The basic idea of support and resistance lines
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The basic concept of support and resistance lines
Publisher: Amigo Investment School
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Support Lineis the price level that prevents or halts price declines when prices tend to fall.
On the other hand, the resistance line is the price level that prevents or halts price increases when prices tend to rise.
These lines are used in technical analysis and help investors and traders understand market trends.
Here, we detail the approach to trading using support and resistance lines in depth.