06-02-2021, 02:16 AM
Technical Analysis: Why does support become resistance?
<!-- SC_OFF --><div class="md"><p>I'm confused on why support becomes resistance when it breaks (or other way around). When the support breaks, all we know is that the group of people willing to buy at that level has disappeared; maybe they already bought, or maybe they changed their mind. This doesn't mean that this level magically becomes a resistance though. Maybe the resistance forms lower or higher. It all depends on what the sellers want, and that has nothing to do with the support level.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DumplingLife7584"> /u/DumplingLife7584 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/npw9qt/technical_analysis_why_does_support_become/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/npw9qt/technical_analysis_why_does_support_become/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'm confused on why support becomes resistance when it breaks (or other way around). When the support breaks, all we know is that the group of people willing to buy at that level has disappeared; maybe they already bought, or maybe they changed their mind. This doesn't mean that this level magically becomes a resistance though. Maybe the resistance forms lower or higher. It all depends on what the sellers want, and that has nothing to do with the support level.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DumplingLife7584"> /u/DumplingLife7584 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/npw9qt/technical_analysis_why_does_support_become/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/npw9qt/technical_analysis_why_does_support_become/">[comments]</a></span>Kind Regards R