Support and resistance defined
Determining likely support and resistance points
Establishing the significance of potential support/resistance areas
1. True or false: Support is a concentration of supply sufficient to halt a rally temporarily.
2. True or false: The price is likely to find resistance at the black line in the following chart if it falls any further.
3. Name technical characteristics described in the text that could result in a support or resistance point.
i. Round numbers
ii. Emotional points
iii. Significant trendlines ...