Trend Analysis was done by Dow theory.Using demand and supply
, , Dow Theory, Trend analysis
, , Dow Theory, Trend analysis
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Hi,
This is the appropriate answer for the question -What are Support and Resistance? support and resistance is a concept that the movement of the price which will tend to stop and reverse at certain predetermined price levels.These levels are denoted by multiple touches of price without a breakthrough of the level. Support, as the name implies, indicates a price level or area on the chart under the current market price where buying interest is sufficiently strong enough to overcome selling pressure. As a result, a decline in price is halted and prices are turned back up again. Resistance is the opposite of support. It represents a price level or area above the current market price where selling pressure may overcome buying pressure, causing the price to turn back down against an uptrend.