Support and resistance indicator are technical analysis tools used to predict where prices will tend to continue the trend (breakout) or reverse direction (reversal). Several points of the resistance indicator area that broke indicate a high volume price movement.
Support and resistance indicators are one of the most widely used techniques in technical analysis, based on concepts that are easy to understand but difficult to master. support and resistance identify the level of price values in historical prices. There are numerous methods that can be made use of to determine assistance and resistance levels.
What Are Support And Resistance Indicators?
Support is a line on the movement of stock prices, support can be referred to as the “lower limit” of the stock price that cannot be broken. The support line is often used by stock investors to start buying stocks that have touched the support line. The decision to buy, …