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Support and resistance levels

Technical analysis

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section 3

Support and resistance levels

unit 1 / 10

Look here, we put two levels on the chart. Unlike the trend line, support (below) and resistance (above) are always horizontal.

To build these levels by yourself, you need to determine the points where the constant price stop is regularly taking place.

The chart on the right displays the resistance level is an upper limit of the price channel, and the support level is its lower border.

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Trend Lines

5 units

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What are channels and how to put them on

4 units