How to find support and Resistance

How to find support and Resistance

Support and resistance levels are among the most crucial components in the world of technical analysis when it comes to creating profitable trading methods. Still, a solid grasp of support and resistance entails much more than a few plot points. Gaining a continuous profit depends on your ability to identify the precise price points that drive pricing patterns. The floor price is indicated at the bottom of the bandwidth. This is the price at which the disputed stock is in high demand; enough purchasers are prepared to pay that amount for the shares. Support is the term used to describe this lowest pricing. Because more sellers desire to get rid of their goods at this price, demand stops and supply rises to the upper side, which represents the top price. Resistance is the referred to this highest price.