Technical Glossary / Support, Resistance & Price Levels
Horizontal Support
Support drawn as a flat price, not as a rising trendline.
Teaching sketch. It shows the shape, not a live quote and not a trade signal.
Definition
Horizontal support is a constant price. The market turned up from it before, and the line does not slope. Prior lows, the bottom of a range, and a breakout price that is being retested are the usual sources.
How to identify it
A horizontal line through reaction lows. It should be obvious on a clean chart. If you need a slope to touch the lows, you want a support trendline instead.
Bullish reading
A hold of horizontal support is easier to test than a sloping line, because the price does not change while you wait. Buyers use a close back above the line after a test, with risk under the zone.
Bearish reading
A close under horizontal support is unambiguous in a way a trendline break is not. Everyone can see the same price. That clarity is why the first break is often a sweep of stops.
Common mistakes
Picking the exact low tick as the only price that counts, and ignoring a cluster a few ticks above it.
Limitations
Flat levels from far away, on a price that has since split or rallied for years, may be irrelevant. Prefer levels the current campaign has actually traded.
This note explains the term. A sketch shows the shape of the idea. Neither is a recommendation, a signal, or a comment on any security. Indicator settings and exchange conventions differ. Check the live chart and the contract specification before you use a number.