Support

Support is a chart area where prior buying or reduced selling has repeatedly slowed or reversed downward price movement within the selected timeframe.

Technical analysts identify support from prior lows, ranges, trend lines, moving averages, or other observed structures, making the exact level subjective. A break below the area can be interpreted as a change in market behavior, while a bounce may preserve the range. Support does not compel buyers to act and can fail abruptly when news, gaps, or liquidity conditions change.