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Lesson of the Day: Support and Resistance - True Edge Trading

Lesson of the Day: Support and Resistance

The Only Chart Pattern Any Trader Will Ever Need – Support and Resistance

Support provides us with a level where buyers have historically come into the market and driven prices higher. Conversely, Resistance is a level that has historically seen sellers come into the market to drive prices lower. Support and Resistance levels are monitored by traders, hedge funds, and institutions alike. These levels are pertinent to any timeframe and any market, and they can help you make profitable trading decisions.

Jeff Drake
True Edge Trading