Technical Analysis Basics: Support & Resistance #forex

This is a clear illustration for how support and resistance change roles when a breakout occurs. This is not a rule that most happen, but it usually does.

Starting point at the latest higher low of the previous bullish trend.(It was a typo on chart, its higher low not higher high)

When a breakout below support materializes, the level usually reverses its role to resistance.


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Technician
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