Support level (Support)

Level of support (support) – на линия или уровень на графике, который указывает минимальную цену за определённый промежуток времени.

The opposite of the support level is the concept of Resistance level.

Support and resistance levels

Breaking through the support level

The support level is broken when the price moves downwards. As a rule, if there is a strong support level, the price will break through that line and either fail to do so, or fail to do so at the first attempt. The bears push the price down and the bulls push the price up, so if it becomes difficult for price to continue to move down at a certain level, the bulls are said to be "resisting".

When the support line is broken, it then becomes a resistance line. There are many different indicators of support and resistance levels.

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