support

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Support and Resistance: Can the indicators do the trick for you?

The concept of support and resistance is beyond the paradigm of chart patterns, indicators or even the technical analysis. It is the classic case of supply and demand acting at specific price points. But are they bound to remain the same ever, at the exact spot? Let's visit the basics first, before delving deeper into the subject for your answer. Support and Resistance Support is the area in which maximum demand for an asset class exists. The buyers outnumber the sellers in the support areas. On the flip side, the area which has maximum supply is the resistance. Likewise, [...]

Support and Resistance: Can the indicators do the trick for you?2019-04-05T11:13:14+00:00