Support levels indicate price stops due to increased demand. Resistance levels show price stops due to increased selling interest. Price tends to bounce off support/resistance levels rather than break them
Trend lines are diagonal lines connecting data points on financial charts. They are fundamental tools in technical analysis used across various markets. Trend lines can have positive or negative slopes, indicating trend strength
Support levels indicate buying pressure, resistance levels show selling pressure. Price can bounce off support or break through resistance lines. Institutional investors determine support and resistance levels
Fibonacci retracements are based on Leonardo Pisano's 13th century number sequence. Fibonacci sequence: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144. Each number is approximately 1.618 times greater than the previous one