All Concepts
Key Levels
Specific price points where significant reactions are expected.
What it is
- •Specific price points where significant reactions are expected.
How Candle Whisperer uses it
- •Key Levels is evaluated as part of the NO_TRADE decision framework.
- •Related conditions: KEY_LEVEL_REQUIRED
- •Often evaluated together with Support & Resistance and Location.
Doctrine Rules
- •Round numbers often act as psychological levels
- •Previous day high/low are key intraday levels
- •Weekly open/close provides structural reference
Common Mistakes
- •Underestimating the importance of key levels in trade decisions.
Quick Checks
- •Check: Round numbers often act as psychological levels
- •Check: Previous day high/low are key intraday levels
- •Check: Weekly open/close provides structural reference
Related Concepts
Educational only. This is training material, not financial advice or trading signals.
Linked from tags: KEY_LEVEL_REQUIRED