What is mean if a trade is bullish resistance or bearish support and how do you trade it .
A simple summary is that resistance is a price at which rising prices previously stopped rising. The theory is that prices rising towards that level in the future will again be stopped by it. The reverse for falling prices and support levels.
Some traders wishing to buy a rising instrument will try to enter above a support level but to exit just below the next higher resistance level.
Its important to note that a level that was resistance can be a support level if price gets above it and falls back.
As with all “rules” in TA, none of these things works 100% of the time.