The support level is the bottom barrier of a trend (Sellers’ floor). It is the level at which a current downtrend is expected to stop as the price finds “support”.
Vincent Nyagaka is a Professional Trader, Analyst &. 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. Checkout Vincent’s Professional Trading Course here.