Support/resistance zones

Support/resistance zones - price zones on the chart of a stock instrument, in which a large number of strong supports or resistances (depending on which side the price moves) are concentrated at a short distance of a few tens of pips.

Overcoming such zones is in many ways difficult, because literally on every movement the so-called "price memory" works and the chart turns in the opposite direction.

Breakdown Support/resistance zones most often occurs only during strong movements. In all other cases the price chart can show weak activity for quite a long time and Flat.