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The Trading Guide is a series in which we impart knowledge about trading and its fundamentals…
RETESTING AND OUTBREAK
#TradingGuide
SUPPORT & RESISTANCE:
Support is found at key levels where a falling price trend meets a concentration of buyers. Resistance is found at key levels where a rising price trend meets a concentration of sellers.
RETESTING AND OUTBREAK:
The break and retest strategy is a popular and very effective way to assess the market, take advantage of volatility and generate potential profits by properly implementing technical analysis.
TEAR DOWN:
A breakdown is a downward movement in the price of a security, usually through an identified support level, that heralds further declines.
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