Lesson C1 · Part C: Reading the Market7 of 106 min
Support and resistance
The levels where buyers or sellers repeatedly step in — the first lines anyone draws on a chart.
§1Floors and ceilings
Support is a zone where falling prices have repeatedly stopped and bounced. Resistance is a zone where rising prices have stalled.
They work because traders remember them: orders cluster around levels that mattered before.
§2Zones, not lines
Treat levels as areas a few pips wide. Price often pokes through briefly before reversing.
When a level finally breaks decisively, it frequently flips role — old resistance becomes new support. Every pair on our Blueprints sheet has its key levels drawn as dimension lines.
remember this:
- Support = where buyers step in; resistance = where sellers do.
- Think in zones; expect false breaks.
- Broken resistance often becomes support (and vice versa).
Checkpoint
Q1.Price breaks above resistance at 1.0950 and later pulls back to it. What often happens?