After a trader has learned to identify trend (which we looked at in our previous article available HERE), the next focus that they will generally want to emphasize is in regards to Support and Resistance. Support is a price or a ‘price zone,’ in which buyers have shown, or may show an interest in buying. Resistance is the opposite; a price at which investors have shown, or may show a willingness to sell. Created with Marketscope/Trading Station 2.0 As you can see in the above picture, when price approached or entered in the ‘Support Zone,’ price had shown a tendency to go up. By price going up, we can assume that ... (full story)