Location of Support
Usually the range or line of support established under a running price (the price that happen at this time). Traders generally dont take a position when prices are near the support line or with the support range, because the tendency of price movement has a higher uncertainty.
Location of Resistance
The range of resistance is usually located above the running price (the price that happen at this time). Same with support, generally in this range traders and investors tend to hold themselves to take positions becuase the increase level of uncertainty. And besides that, same, as support, in determining the range of resitance, analysts, traders or investors prefer a resistance zone.
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