What are support and resistance lines?

Support and resistance lines are price levels of significant importance, proven by past consolidations or price rebounds. They are considered to be levels at which supply and demand are balanced. An example of support or resistance could be a trend line that prices repeatedly test and that limits the price in the long term. These lines form the basis of technical analysis and occur on every stock exchange.

Automatic support and resistance lines shown on the chart

In the video below, you will see what tools you can access. See how you can have support and resistance lines drawn completely automatically.

Types of support and resistance line confirmations in the tool:

• untested
• tested
• weak
• verified
• confirmed

How to obtain the tool?

You can access the tool after registering for the project and joining the group.