: Support acts as a "floor" where price historically bounces up, while resistance acts as a "ceiling" it struggles to break through.
: These provide a visual snapshot of price direction; green (bullish) indicates a close higher than the open, while red (bearish) shows a lower close. Charting and Technical Analysis
Technical analysis is the practice of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Unlike fundamental analysis, which looks at a company's intrinsic value, technical analysis focuses on patterns on price charts to predict future movements. Foundational Charting Tools : Support acts as a "floor" where price