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Support and resistance: definition and meaning
Support is a price area where buyers have tended to step in. Resistance is where sellers have tended to appear.
Why it matters
Traders watch these levels, though they are not guarantees.
Related terms
- Candlestick
A candlestick shows the open, high, low and close price for one time period on a chart.… - Trading volume
Trading volume is the amount of an asset traded in a given period.…
Guides that explain more
Educational content only, not financial advice.