CANDLESTICK PATTERN
Candlestick pattern is a style of financial chart used to describe price movements of a security, derivative, or currency, formed by the opening, high, low, and closing prices of an asset.
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Resistance levels are price points where an asset tends to encounter selling pressure, preventing it from rising further. In trading, resistance levels act as a ceiling, where supply is strong enough to halt an upward trend. Traders use resistance levels to set exit points or stop-loss orders, anticipating that the price will reverse downwards. Identifying key resistance levels through technical analysis can help traders manage risk and make informed decisions about when to sell or short an asset.