The main concept of technical analysis is price action trading based on support resistance, candlestick, chart pattern, trend market reaction, (price rejection) structure of the market.

 What is support?

Support is a level at which the price does not fall as demand is enough to hold price from falling further in simple terms support means buyers’ area or you can also say is as a demand zone.

What is resistance?

Resistance as the term suggest it is the level at which the price does not rise further as the supply is enough to hold price from rising more. In simple terms, resistance is seller’s area or supply zone.

Support and resistance can also be dynamic. Most commonly trading style in technical analysis is breakout and breakdown trading, breakout happens at resistance and breakdown happens at Support putting down in simple terms what is breakout and breakdown a particular level, which is acting as a support and resistance that is getting crossed.

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