zone of resistance

Definition

The area near the top of a trading range in the price movement of a security or market where supply and demand are equally balanced and the price begins to retrace back to its lows or the zone of support. Traders will follow the price movement and volume indicators to determine when a potential price breakout will occur.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
zone condemnation zone of support