{"id":84612,"date":"2020-02-17T15:36:28","date_gmt":"2020-02-17T05:36:28","guid":{"rendered":"http:\/\/www.tradecharting.com\/?page_id=84612"},"modified":"2020-02-17T15:39:32","modified_gmt":"2020-02-17T05:39:32","slug":"support-and-resistance-s-r","status":"publish","type":"page","link":"https:\/\/www.tradecharting.com\/support-and-resistance-s-r\/","title":{"rendered":"Support and Resistance: S\/R"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Support<\/strong> and <strong>Resistance<\/strong> (S\/R) are important terms to understand when trading. This term refers to the horizontal values where price action often reacts for a given trading instrument.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">An example on Facebook is offered below. Note how $120 is a horizontal level where price action often reacts. There are periods in time when this reaction is to be suppressed by the level and this is where price is acting as <strong>Resistance<\/strong>. There are other times when price action is buoyed by this level and this is referred to as <strong>Support<\/strong>. These types of key levels are always worth keeping in mind as they can often act like a magnet in any pullback.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">I often refer to these key levels when discussing trading and I denote them in my writing as S\/R; an abbreviation for Support and or Resistance.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><em>FB chart showing $120 acting as Resistance and then Support:<\/em><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.tradecharting.com\/wp-content\/uploads\/2020\/02\/Support.Resistance.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-84613 aligncenter\" src=\"https:\/\/www.tradecharting.com\/wp-content\/uploads\/2020\/02\/Support.Resistance-1024x467.jpg\" alt=\"\" width=\"1024\" height=\"467\" srcset=\"https:\/\/www.tradecharting.com\/wp-content\/uploads\/2020\/02\/Support.Resistance-1024x467.jpg 1024w, https:\/\/www.tradecharting.com\/wp-content\/uploads\/2020\/02\/Support.Resistance-600x273.jpg 600w, https:\/\/www.tradecharting.com\/wp-content\/uploads\/2020\/02\/Support.Resistance-300x137.jpg 300w, https:\/\/www.tradecharting.com\/wp-content\/uploads\/2020\/02\/Support.Resistance-150x68.jpg 150w, https:\/\/www.tradecharting.com\/wp-content\/uploads\/2020\/02\/Support.Resistance-768x350.jpg 768w, https:\/\/www.tradecharting.com\/wp-content\/uploads\/2020\/02\/Support.Resistance-1536x700.jpg 1536w, https:\/\/www.tradecharting.com\/wp-content\/uploads\/2020\/02\/Support.Resistance-2048x933.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Have a look for your own S\/R levels next time you are assessing a chart!<\/p>\n<p style=\"text-align: center;\">\n","protected":false},"excerpt":{"rendered":"<p>Support and Resistance (S\/R) are important terms to understand when trading. This term refers to the horizontal values where price action often reacts for a given trading instrument. &nbsp; An example on Facebook is offered below. Note how $120 is a horizontal level where price action often reacts. There are periods in time when this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":84615,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-84612","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P3aZFM-m0I","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.tradecharting.com\/wp-json\/wp\/v2\/pages\/84612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tradecharting.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.tradecharting.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.tradecharting.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tradecharting.com\/wp-json\/wp\/v2\/comments?post=84612"}],"version-history":[{"count":5,"href":"https:\/\/www.tradecharting.com\/wp-json\/wp\/v2\/pages\/84612\/revisions"}],"predecessor-version":[{"id":84621,"href":"https:\/\/www.tradecharting.com\/wp-json\/wp\/v2\/pages\/84612\/revisions\/84621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tradecharting.com\/wp-json\/wp\/v2\/media\/84615"}],"wp:attachment":[{"href":"https:\/\/www.tradecharting.com\/wp-json\/wp\/v2\/media?parent=84612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}