Levels: floor and ceiling

A store twice cut the price of a phone to $500, and both times it sold out. The third time the price gets close to $500, buyers will be waiting there again. People remember the prices where something already happened.

It's the same on a chart. If the price bounced up from one place several times, there's supportSupportA price where falls keep stopping: buyers step in, and sellers will not accept less.In the glossary → there. If it hit a ceiling from below several times, that's resistanceResistanceA price where rises keep stopping: sellers appear, and buyers refuse to pay more.In the glossary →. The more touches, the more noticeable the level.

A level isn't an exact price but a narrow band: the price can poke through it a little and come back. In the simulatorSimulatorThe section of the platform with a live chart and a virtual account: trades open and close at real prices, the money is not real, the result is counted as on an account.In the glossary → you draw a level with the “Horizontal level” tool.