Resistance
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it is going up. This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely that it will continue rising until it finds another resistance level.
Read more about this topic: Support And Resistance
Famous quotes containing the word resistance:
“It was not seen that woman’s place was in the home until she began to go out of it; the statement was a reply to an unspoken challenge, it was attempted resistance to irresistible change.”
—Rose Wilder Lane (1886–1965)
“The resistance we make to our passions is due to their weakness, not our strength.”
—François, Duc De La Rochefoucauld (1613–1680)
“... resistance to tyranny is man’s highest ideal.”
—Emma Goldman (1869–1940)