Jump to content

IG Community Blog

  • entries
  • comments
  • views

Contributors to this blog

About this blog

Entries in this blog

A Price Action Tell: Support at Prior Resistance, Resistance at Prior Support

As we talked about in our introduction to price action, markets are cyclical creatures. Prices go up, prices go down and as traders, the most we can hope to do is ride on the right side of the wave for a bit. But along the way there’s a number of deductions that traders can make that can allow for strategy to enter the picture, and in terms of trend, support and resistance is fairly important. Bullish trends will often price-in a series of higher-highs and higher-lows while bearish trends w


MongiIG in Analyst Piece

  • Create New...