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Resistance is any price level where prices get rejected by sellers as either regarded as overpriced or overvalued. This acts as a glass ceiling for price as prices will obviously rally up but upon reaching a specific resistance level prices will stall then move backwards. It becomes the case of selling interest and acts as future reference level. Meaning should price upon rallying then reaching resistance and falling, chances are it is going to be the case in the future as well as the markets have memory. For information on support and resistance, please visit this page.

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