Support is an area where falling price has previously stopped or bounced; resistance is an area where rising price has previously stalled. They are zones, not exact prices.
How traders use it: Used for entries, stops just beyond the zone, and targets at the next opposing zone.
Common mistake: Expecting a level to hold forever. Each test can absorb resting orders, and levels eventually break.
Related: Support/resistance flip (role reversal) · Key level · Supply and demand zones
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.