Support and resistance are two of the most fundamental concepts in technical analysis. Traders use these levels to identify key price points where a stock may reverse, stall, or continue its trend. By analyzing these levels, traders can identify strong buying and selling opportunities and gain a better understanding of market psychology. A support level is a…

Trends are one of the most fundamental components of technical analysis. A trend shows the general direction of a stock’s or a market’s price movement over a certain period of time. For day traders, understanding trends is crucial, since trading on short time frames makes quick price movements highly significant. A trend can be upward,…