Casey Murphy has fanned his passion for finance through years of writing about active trading, technical analysis, market commentary, exchange-traded funds (ETFs), commodities, futures, options ...

Calculating Support Levels. Once you have calculated the pivot level, the major support levels, these being S1, S2, and S3 can be calculated. In the example below, using an hourly chart, a day’s ...

Zone of Resistance. Using Trend Lines to Mark Zones . Support and resistance zones are utilized by technical analysts to study past prices and predict future market moves.

As a result of the recent pullback, Piper Sandler showcased that a handful of support and resistance levels have now surfaced. “The major indices modestly pulled back to post-Election Day gaps ...