Price Location
Key Level
A significant price level where market behavior changes
A key level is a price point where significant buying or selling occurred historically, creating a psychological barrier. Patterns at key levels have higher significance than patterns in random price zones.
✓How to Recognize
- •Price has reacted at this level multiple times
- •Round numbers (psychological levels)
- •Previous highs/lows
- •High volume nodes
⚡How to Avoid
- →Only trade patterns at key levels
- →Mark key levels on your charts
- →Wait for price to reach key level before acting
- →Patterns in "no man's land" are less reliable