Support is a price level where buyers repeatedly step in and halt declines; resistance is where sellers repeatedly cap advances. These levels form the backbone of technical analysis — price tends to bounce between them until one breaks.
How traders use it
- Buy near support, sell near resistance in a range.
- A broken level often flips role — old resistance becomes new support.
- The more times a level is tested, the more significant it is.
See it in dtcharts
Mark support, resistance and structure on any chart in the dtcharts terminal with the drawing tools.