Trading Tutorial Lesson #4: ＳＵＰＰＯＲＴ ＡＮＤ ＲＥＳＩＳＴＡＮＣＥ - ＦＬＩＰＳ When a level of support ...

... is breached, that price level will later become respected by the market as a level of resistance with sellers putting downward pressure around the previous support. Likewise, when the resistance is overcome, it will later act as a level of support to the market. Always remember this is one of the principles of S&R. Violated unless it's a fakeout.

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