This is second part of Price action trading series in our channel share market Malayalam.
This video explains basic concepts of support.and resistance and its role reversal. We have made a 4 part series video on support and resistance before. Please watch that videos also if you are a beginner in stock market and technical analysis.
Price action Trading Support and Resistance Role Reversal
Support and resistance are significant points in chart. We have explained its definition, types and other things in details in support and resistance video series. Here we discuss role reversal characteristics of support resistance. Once a support is broken, it acts as resistance. Same way when a resistance is broken, it acts as support next time when price falls. This is basic concept. Video explains this in details with live charts.