Resistance is the price level at which supply (selling power) is strong enough to prevent the price from rising further. The rationale behind this is that as the price gets closer and closer to resistance, and becomes more expensive in the process, sellers are more likely to sell and buyers become less likely to buy. In that scenario, supply (sellers) will...
BUY
Trading support and resistance levels.
Rebounds on a trend line can be good entry points in the direction of the trend, especially when they occur at the same time as candlestick figures such as the hammer, the hangman or the pin bar.
