Resistance

Pharaoh

Brigadier General
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20,304
Resistance is a price level (often an area, not an EXACT price) that traders tend to sell at. This often prevents price from going above this level, thus creating a "ceiling" above which the price has difficulty moving.

Note that resistance can be defined by a horizontal or slanted line. The more times price tests and fails to break through (or close beyond) resistance, the stronger the resistance level is considered to be.

See Support.
 
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