Step by step
How to read it
- 1Resistance: an area where price turned down before.
- 2Support: an area where it turned up.
- 3Wicks poke through. That is why they are drawn as zones, not thin lines.
Watch out
Common mistake
Drawing a thin line and calling every wick through it a break.
In one line
Definition
Zones where price turned before: support below price, resistance above it. Drawn as areas, not thin lines.
Check yourself
Check yourself
Why draw support as a zone?