Vantage FX (www.vantagefx.co.uk) looks at how Support and Resistance Levels can change roles as the market moves and breaks.
Support & Resistance Levels
In the first part of our Support and Resistance series we look at a descending trendline where the price broke through the resistance level on the trendline, which then formed to become a new support level as the trendline progressed. The market now rests on the trendline, while it decides if the next move will be a break...