WickCheck / Trading school / Support and resistance
Support and resistanceBeginner
Prices where buying (support) or selling (resistance) showed up before.
What it means
Old highs and lows, round numbers and previous day levels act as support or resistance. In ICT language the same levels are liquidity: stops sit just beyond them, which is why they often get poked before price reverses.
How to spot it
- Mark levels price reacted to more than once.
Common mistakes
- Drawing so many lines that every price is a level.
Related terms
LiquidityIn ICT and SMC, the resting orders (mostly stop losses and breakout entries) tha…Previous day high and lowYesterday's high and low, two of the most watched liquidity levels of the tradin…Equal highs and equal lowsTwo or more highs (or lows) at nearly the same price, seen as an obvious pool of…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.