All Concepts
Support & Resistance
Key price levels where supply and demand shift.
What it is
- •Key price levels where supply and demand shift.
How Candle Whisperer uses it
- •Support & Resistance is evaluated as part of the NO_TRADE decision framework.
- •Related conditions: SUPPORT, RESISTANCE, KEY_LEVEL
- •Often evaluated together with Location and Key Levels.
Doctrine Rules
- •S/R levels from higher timeframes are more significant
- •Multiple confluent levels create stronger zones
- •Previous support becomes resistance (and vice versa)
Common Mistakes
- •Underestimating the importance of support & resistance in trade decisions.
Quick Checks
- •Check: S/R levels from higher timeframes are more significant
- •Check: Multiple confluent levels create stronger zones
- •Check: Previous support becomes resistance (and vice versa)
Related Concepts
Educational only. This is training material, not financial advice or trading signals.
Linked from tags: SUPPORT, RESISTANCE, KEY_LEVEL