#CurrencyPairPrediction Combining resistance with support on a Point and Figure chart helps define potential trading ranges. Support levels appear as horizontal columns of Os, indicating price levels where buying pressure historically overcame downward trends. When you identify both resistance (X columns) and support (O columns) on the same chart, the area between them can be viewed as a consolidation or trading range. Traders watch for price action within this range, anticipating potential breakouts above resistance or breakdowns below support. The strength and duration of both the resistance and support levels can suggest the significance of the trading range. Understanding this interplay allows traders to develop strategies based on range trading or anticipating the direction of the eventual breakout. A breakout above resistance might signal the start of an uptrend, while a breakdown below support could indicate a downtrend.