Thread 🧵explaining #Support, #Resistance & Law of Polarity used in #TechnicalAnalysis
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#TechnicalAnalysis #StockMarket
What is Support ❓
#Support is the level from which price of a security does not fall further as demand is sufficient enough to hold price from falling further.
#TechnicalAnalysis #StockMarket #Investing #Trading
Always Remember 👉Support will always appear or form below current market price of a security.
What is Resistance❓
#Resistance is the level from which price of a security does not rise further as supply is sufficient enough to hold price from rising further.
#TechnicalAnalysis #StockMarket #Investing #Trading
Always Remember 👉Resistance will always appear or form above current market price of a security.
🌟Support & Resistance Reversal🌟
The role reversal phenomenon of #Support and #Resistance is known as Principle of Polarity.
This phenomenon occurs when price of a security breaks out and goes beyond an identified support or resistance level.
#TechnicalAnalysis #StockMarket
Principle of Polarity says 👉A broken support level becomes a future resistance level.
#Support #Resistance #TechnicalAnalysis
Principle of Polarity says 👉A broken resistance level becomes a future support level.
#Support #Resistance #TechnicalAnalysis
Support & Resistance can also be in form of Ascending or Descending Trendlines.
#Support #Resistance #TechnicalAnalysis
The concept of #Support, #Resistance & Law of Polarity is the core or foundation of #TechnicalAnalysis and most of the things revolve around it.
For real life example of #Support #Resistance and Principle of Polarity on Chart refer our case study 2
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