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Chart Lesson: 2
| Support and Resistance |
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| Simple support and resistance lines can be drawn by playing "dot to dot" with a series of highs or lows. If over the market, the line is assumed to show the highest prices permitted by the current trend, and is called resistance. If under the market, it's defined as support. To reverse a move, it is important to close on the other side of the line. |
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