Support and resistance: how to find levels that matter
Support is an area where buying has stepped in before, slowing or reversing declines. Resistance is where selling has shown up, slowing or reversing rallies. They're best thought of as zones rather than exact lines.
How to spot it
- 1Look for areas where price reversed more than once.
- 2Prioritize higher-timeframe levels.
- 3Old resistance often becomes support after a break, and vice versa.
- 4Fewer, clearer levels beat a chart full of lines.
Common mistakes
- ✕Drawing too many levels.
- ✕Expecting exact-price reactions.
- ✕Ignoring how price approached the level (fast vs. slow).
Every breakdown lists key zones with an approximate price read from your chart's axis and a confidence level.
Educational content only. Not financial advice. No pattern or concept guarantees any outcome.
Keep learning
A fair value gap is a three-candle pattern where a strong middle candle moves so fast that the wicks of the candles on either side don't overlap.
A liquidity sweep happens when price pushes just beyond an obvious swing high or low, where many stop orders sit, and then quickly reverses back inside.
In smart money concepts, an order block is the last down candle before a strong move up (bullish) or the last up candle before a strong move down (bearish).
Market structure is the sequence of swing highs and lows.
A demand zone is a base that price left sharply upward; a supply zone is a base price left sharply downward.
A breakout and retest is a three-step sequence: price breaks through a well-defined level, comes back to test it from the other side, and holds.
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