Daily Levels

How to read these

• Support & resistance are swing pivots — prices where the tape actually turned — grouped when they sit within ~1.2% of each other. The touch count matters: a level tagged 4 times has far more resting interest than one tagged once.
• Breakout triggers take the 30-day range and add a quarter of ATR beyond the edge. The buffer exists because price routinely pokes a range boundary and fails; requiring a push past normal daily noise filters some of that.
• Pivot points (P, S1–S2, R1–R2) come from the prior day's high, low and close: P = (H+L+C)/3. Floor traders used the same arithmetic before screens existed, and enough desks still watch them that they stay reactive.
• Daily Fibonacci levels divide the prior day's high–low range at the classic ratios (23.6, 38.2, 50, 61.8, 78.6%). Retracements into the 38.2–61.8% zone are the textbook "healthy pullback" area; like pivots, the levels matter mostly because many participants watch the same lines.
• Moving averages smooth price into trend. Price above a rising 200-day is the textbook uptrend; the averages act as dynamic support/resistance largely because so many participants watch the same lines.
• RSI measures the speed of recent gains vs losses (above 70 conventionally "overbought", below 30 "oversold"). ATR is average daily range — useful for sizing how far is "normal" before a move means anything.
• Why levels "work": largely self-fulfilling attention. Enough orders cluster at widely-watched prices that price often reacts there — until it doesn't. Treat every level as a reference, never a guarantee.