Step by step
How to read it
- 1A high.
- 2A second high at almost the same price.
- 3Stop orders of sellers and breakout buy orders wait just above.
- 4Price may reach for them before it decides where to go.
Watch out
Common mistake
Placing your own stop exactly beyond obvious equal highs — right where everyone else’s is.
In one line
Definition
Two or more turning points at almost the same price. Stop orders gather just beyond them.
Check yourself
Check yourself
Why do equal highs attract price?