Support and Resistance For videos on Support and Resistance chart patterns, please see day trading with support and resistance forex Rectangle Chart Pattern Video and the Trendlines Chart Pattern Video. Support: Typically expected that prices should rise after touching support.
Resistance: Generally expected that prices should fall after hitting resistance. If price breaks below support, then that support level can become the new resistance level. If price breaks above support, then that resistance level can become the new support level. Support and Resistance are basic yet vitally important technical analysis tools. On every time frame, intra-day, daily, weekly, and monthly, Support and Resistance levels are focused in by traders.