Resistance level: Difference between revisions
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imported>Doug Williamson (Simplify second sentence.) |
imported>Doug Williamson (Add illustration. Source: Rightline.net http://www.rightline.net/education/supportandresistance.html) |
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A chartism term denoting a level of prices at which a movement has historically faltered or stabilised. | A chartism term denoting a level of prices at which a movement has historically faltered or stabilised. | ||
[[File:Support_and_Resistance.png|thumb|left]] | |||
''Source: Rightline.net'' | |||
Latest revision as of 00:13, 8 March 2021
Technical analysis.
A chartism term denoting a level of prices at which a movement has historically faltered or stabilised.
Source: Rightline.net
A resistance level may indicate the upper boundary of a range of prices, within which the asset is expected to trade.
