Start here if you're new to reading stock charts. Explore articles and tutorials on chart basics, support and resistance, pivot points, Fibonacci levels, and the foundational skills of visual price analysis.
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Fibonacci Retracement
Fibonacci retracement is a widely used technical analysis tool that traders use to identify potential support and resistance levels. Based on the famous Fibonacci sequence, this tool helps forecast the likely levels where a stock might reverse its trend.
Technical Analysis
Trading
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Pivot Points
The pivot point is a technical indicator that helps identify support and resistance levels on charts. They are calculated as the average of the high, low, and closing prices from the previous trading period.
Technical Analysis
Trading
+ 1
Resistance Levels
In technical analysis, a resistance level is a price point where a stock stops rising and may reverse downward. It acts like a ceiling where selling pressure overcomes buying interest.
Technical Analysis
Trading
+ 1
Support Levels
A support level is a price point where a stock tends to stop falling and may bounce back up. It’s like a floor where buying interest is strong enough to prevent the price from dropping further.
Technical Analysis
Trading
+ 1