Support and Resistance

Yes, support and resistance levels can indeed change over time due to external factors such as news events or changes in market sentiment. These levels are not static but adapt to the evolving dynamics of the market. Here’s how external factors can influence the determination and effectiveness of support and resistance levels: External Factors Influencing…

Technical analysis is a cornerstone of trading and investing, and understanding support and resistance levels is fundamental to this practice. These levels help traders predict where prices might pause or reverse direction, which can significantly enhance trading strategies. Support and resistance levels are derived from analyzing historical price patterns and are influenced by the dynamics…