If support is broken, that will likely become the new level of resistance. Alternatively, if resistance is broken to the upside, it can form the basis for support in the short term. The Bottom Line ...

Many traders who use technical analysis hear phrases that suggest a "broken support level will become a future area of resistance" or that a "previous level of resistance will become a support ...

The Fibonacci Support and Resistance Levels become relevant when the stock’s price approaches one of the Fibonacci lines. If the stock falls below the line or fails to break past resistance ...

Support and resistance levels also become stronger the more times the market bounces off them. This phenomenon can turn a minor resistance level into a major one over time if it manages to rebuff ...

Support and resistance lines are charting techniques that help investors better visualize past price movements. Learn about what they indicate and how they’re used by investors.

In such an event, S1 would then become a resistance level. The 3 rd major support level is generally only breached and a major economic or financial event. These include earnings, central bank and ...

In fact, major levels of support and resistance can often become psychological barriers, with many traders buying or selling as soon as that level is reached - which serves to reinforce the effect. It ...

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In fact, major levels of support and resistance can often become psychological barriers, with many traders buying or selling as soon as that level is reached - which serves to reinforce the effect. It ...