Support and Resistance (SR)

These levels highlight where the price has reacted, in such a way, as to reverse (often referenced as "bouncing") or consolidate.

Levels can include a combination of candle bodies and wicks and, therefore, can be subjective.

To verify levels, the price should have reached/hit levels on multiple occasions, and levels on higher time frames (ie 4hr and above) often play a more significant role in price action than levels on lower time frames.

Once Support is broken, it will/may become Resistance, and therefore, once Resistance is broken, the level will/may become Support.

These levels are often easier to verify when viewing a Line Chart.

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