Lesson 1: Understanding Support and Resistance

Lesson Overview
Support and resistance are price areas where buying or selling pressure consistently appears, influencing price movement.

What Is Support
Support is a price level where demand is strong enough to prevent further price decline.

What Is Resistance
Resistance is a price level where selling pressure limits further price increase.

Why Support and Resistance Work
They reflect market memory, psychology, and order flow.

Key Takeaway
Support and resistance mark decision zones rather than exact price points.