Key Levels – Horizontal Support and Resistance

Autochartist’s Key Levels is the technical analysis of horizontal support and resistance. Traders are notified when price approaches or breaks through important key levels that have been automatically identified by Autochartist.

Key Levels Screenshot

Breakout: When a Key Level is Breached

  • Breakout signals indicate that a significant key support or resistance level has been breached.
  • A forecast region is provided by Autochartist.
  • Traders will buy when price breaks above a level of resistance and sell when it breaks below a level of support.
 Key Levels Breakout
Key Levels Approach

Approach: When Price is moving towards a known Key Level

  • Approach signals are early warning signals traders that price is moving towards an identified key level of support or resistance
  • As price approaches the key level, the expectation is that it will either “bounce” off or break through.
  • Approach signals are helpful to determine where to place stop losses and take profits.

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