A calculated price level based on the prior period's high, low, and close, used to gauge market sentiment. Like most technical tools, it works best as part of a broader toolkit rather than as a standalone signal for trade decisions.
A calculated price level based on the prior period's high, low, and close, used to gauge market sentiment. Like most technical tools, it works best as part of a broader toolkit rather than as a standalone signal for trade decisions.
It provides objective intraday support/resistance references. Traders progressing past the basics tend to lean on this more heavily as they start combining multiple concepts into a coherent trading approach.
Widely used by day traders alongside S1/S2/R1/R2 levels. In practice, traders typically encounter this directly within their trading platform, charting software, or an economic calendar, depending on the specific context in which it arises.
IUX
Exness
Vantage
XM
ICMarkets
LiteFinance
Moneta
Tickmill
South Africa (9)
India (9)
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Germany (9)
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Malaysia (9)
