See an example in the chart of Bank of America (BAC)
By Elliott Wave International
You’ve probably heard the terms “support” and “resistance.” Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop and reverse.
There are many different ways to identify support and resistance on your charts. In this 6-minute lesson, the editor of our Trader’s Classroom education service, Jeffrey Kennedy, shows you one of the easiest and most effective methods (example: Bank of America, NYSE: BAC).
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