Glossary/ Charts
Charts
Level
A price area where buyers or sellers have repeatedly been active enough to stop a move. Best drawn as a band, not a line.
Where this comes up
Lessons that use the term in context, which is usually more useful than the definition on its own.
- One candle holds four numbers — Open, high, low, close — and why the wick does more work than the body.
- Support and resistance, defined properly — Where levels come from, and why most people draw them wrong.
- Volume behind the move — Participation, read underneath price.
- The failed breakout — Closes, not wicks — and the difference between a poke and a break.
Nearby terms
Breakout · Candle · Compression · Flip · Gap · Moving average