Support, Resistance & Price Levels
Prices where buying or selling has shown up, and the references traders mark in advance. 27 topics.
Support
A price area where declines have stalled because demand showed up.
Resistance
A price area where rallies have stalled because supply showed up.
Horizontal Support
Support drawn as a flat price, not as a rising trendline.
Horizontal Resistance
Resistance drawn as a flat price, not as a falling trendline.
Dynamic Support
Support that moves with price, such as a rising moving average or a rising trendline.
Dynamic Resistance
Resistance that moves with price, such as a falling moving average or a falling trendline.
Support Zone
A band of prices, not a single tick, where demand has appeared.
Resistance Zone
A band of prices, not a single tick, where supply has appeared.
Supply Zone
The area where a sharp drop began, treated as unfilled sell orders.
Demand Zone
The area where a sharp rally began, treated as unfilled buy orders.
Role Reversal
A broken resistance that acts as support, or a broken support that acts as resistance.
Breakout
A close beyond resistance that had been containing price.
Breakdown
A close beyond support that had been containing price.
False Breakout
A push beyond a level that fails and closes back inside.
Retest
A return to a level that just broke, to see if the level holds from the other side.
Throwback
A pullback to a broken resistance level from above, after an upside break.
Pullback
A temporary move against the prevailing trend.
Pivot Points
Reference prices for the session, computed from the prior period's high, low, and close.
Fibonacci Levels
Horizontal prices marked by applying Fibonacci ratios to a prior swing.
Psychological Levels
Prices traders notice because they are simple, shared reference points.
Round Numbers
Prices ending in zeros, such as 100, 500, or 1,000, that attract orders because they are easy to quote.
Previous Day High (PDH)
Yesterday's highest traded price, used as today's reference.
Previous Day Low (PDL)
Yesterday's lowest traded price, used as today's reference.
Previous Week High (PWH)
Last week's highest price, a reference for this week's swing.
Previous Week Low (PWL)
Last week's lowest price, a reference for this week's swing.
Previous Month High (PMH)
Last month's highest price, a reference for the new month.
Previous Month Low (PML)
Last month's lowest price, a reference for the new month.