Support is a price level where a downtrend can be expected to pause due to a concentration of demand or buying interest. Support and resistance are certain predetermined levels of the price of a security at which it is thought that the price will tend to stop and reverse. Multiple touches of price denote these levels without a breakthrough of the level. We use Cycle Highs and Lows as support and resistance levels to show where the market is likely to turn.
See the support and resistance on the charts easily.
Past performance is not necessarily indicative of future results.
Trading Tips using the Alpha Support / Resistant Indicator -
Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.