Often times I have been asked to describe the difference between support and resistance in regards to trading. Support and resistance are some of the oldest forms of technical analysis concepts which form the foundation for many trading strategies.
Support levels are basically the points where the price had a hard time pushing down through in the past. In other words, a support level is a level where a price stops falling.
Resistance levels mark areas where the price couldn’t rally or break through. In other words, a resistance level is where a price stops rising.
Below is a video excerpt from one of my binary options trading courses. I explain the difference between support and resistance.
When utilized correctly and with patience, implementing support and resistance methods when trading can keep you in profit every day.
For more in depth binary options training, you can check out my binary options trading courses through this link.
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