Skip to main content

Support And Resistance

Swing Support and Resistance Levels
Swing Support and Resistance Levels

Swing support and resistance levels are horizontal lines drawn from swing highs and lows. These lines represent key price barriers where the market tends to react. Historical swing highs and lows often contain significant liquidity. For instance, at a swing high:

  1. Traders may place stop-loss orders just above it.
  2. Breakout traders might enter long positions once price surpasses it.
  3. Turtle soup (reverse) traders could initiate short positions above it.

Swing Trend (Multiple Sizes)
Swing Trend (Multiple Sizes)

The TRN Swing Suite can display current swing trends of various sizes—medium and larger—either at the top or bottom of the chart. By offering a clear, multi-level perspective of the prevailing trend, this feature helps traders quickly assess market structure and identify potential trading opportunities.