In any case, flexibility is required in interpreting these chart patterns. This is why support and resistance levels are sometimes zones rather than precise numbers. There is nothing magical about ...

In addition to support and resistance levels, other stock chart patterns include pennants, flags and head-and-shoulder patterns, which can signal patterns such as a trend reversal or a ...

Trendline support and resistance lines consider multiple points on a stock chart. Trendlines respond ... Traders can use these lines to search for patterns to estimate how a stock’s price ...

You’ve probably heard the terms “support” and “resistance.” Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop ...

Before getting into the intricacies of different chart patterns, it is important that we briefly explain support and resistance levels. Support refers to the level at which an asset’s price stops ...

You see, in reality, support and resistance are price zones, not exact numbers. This is clearly visible when switching from a higher timeframe to a lower one: an horizontal line on a weekly chart ...

In technical analysis, support and resistance levels are key price points on a chart where the probability ... pressure (e.g., bullish candlestick patterns, positive divergence on oscillators ...