 | What is the definition of Support?
Support is defined as a price level that an asset has difficulty falling below. It is a point at which falling prices either stall before continuing downwards (if the support does not hold firm), or a point at which prices reverse completely (string support).
|  | TradersLaboratory decodes Support
Support is probably one of the most used terms that a trader MUST encounter every trading day. In reality, support levels are not just one fixed price level, but rather a zone. The more times a support level is tested without being broken, the stronger the support. If a support is tested repeatedly several times, at some point the price will either reverse totally or break through the support level if the downward trigger is strong). |
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