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Weekly resistanceEMA 150120.00125.00130.00135.00140.00129.501234
Illustration — not market data.EMA 150Weekly

Step by step

How to read it

  1. 1A clear level that price failed to pass several times.
  2. 2A candle CLOSES beyond it — not only a wick.
  3. 3Price comes back to the level and holds from above.
  4. 4Follow-through: the move continues away from the level.

Watch out

Common mistake

Buying the first wick through the level. Wait for the close — many first pushes come straight back.

In one line

Definition

Price moving beyond a level. A real breakout closes beyond it, follows through and holds on the retest.

Check yourself

Check yourself

Price trades above resistance, then the candle closes back below it. What happened?