As you start to examine price charts, you will notice that price moves across your charts in waves. Sometimes these waves appear to be moving up; sometimes they appear to be moving down. Other times they just seem to be moving sideways. Whichever way they are moving, you will start to notice that price often likes to bounce between two levels: an upper level and a lower level. We call the upper level RESISTANCE and the lower level SUPPORTif we are able to beat these two point we shall always smile to the bank but yet......this is becauseoften in life the right action is the hardest to take. the same dynamic occurs in tradding, for most taders it is extremely difficult to buy tops and sell bottoms because from a very early age we are conditioned to look for value and buy cheap while selling dear......................
