Support line and resistance line (S / R level)
- 9월 22, 2017
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Support line and
resistance line (S / R level)
Resistance level refers to the peak at which selling pressure starts to exceed the purchase pressure, and the level at which the further rise is suppressed is called the support level.
Multiple support lines or resistance lines may appear within a chart.
Determination of buying and selling points
The support line and the resistance line serve as the low point and the high point, so the trader can get the opportunity of the low point and the high point sale if the exchange rate supports and the resistance level is reached.
Support levels help you identify long-term trends, depending on whether resistance levels are rising or falling.
The ability to measure the support line / resistance line (S / R level) of a currency is the basis for predicting monetary price movements.
The stronger the support line / resistance line (S / R level) of a currency, the more likely it is that the price of the currency will stop or reverse.
If the price of the currency continues to form beyond the support line / resistance line (S / R level), then this is a signal showing a strong market trend and the resulting price will be the support line / resistance line of the new currency I will.
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