Charting masterclass: the psychology behind support and resistance

Why does resistance become support? It is not magic. It is psychology. In this Charting Masterclass, Axel Rudolph, Chief Technical Analyst at IG and Fellow and Head of Education at the Society of Technical Analysts, uses the Amazon share price to show exactly why price levels that once acted as resistance flip to become support once broken. Buyers who lost money want another chance. Sellers who made money want to repeat it. And the undecided follow the crowd. When that psychology flips, resistance becomes support. 📈 Catch more market commentary and insights on our channel. Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://upl.inc/k4gg8x Your capital is at risk. 69% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. #SupportAndResistance #TechnicalAnalysis #ChartingMasterclass #IGMarkets #TradingEducation #PriceAction #StockMarket #Investing #ChartsExplained #TradingTips #InversePolarity