Vantage Point Trading http://ift.tt/1CDlAM6
An introduction to support and resistance basics. Support and resistance are technical analysis concepts which form the foundation for many trading strategies and other technical analysis methods.
Support Level Basics
Support levels are points where the price had a hard time pushing down through in the past. In other words, a support level is a level where a price stops falling. Often support can be found at slightly different levels. For example, the price moves…
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