Dynamic support refers to the bottom barrier of a trend or a level at which a current downtrend is expected to stop as the price finds “support”, but this support is not static and keeps adjusting itself to fluctuations in the market. Trend indicators, including Moving averages, Bollinger bands, and Ichimoku are a few examples of dynamic support and resistance.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.