Price reaches level 2 multiple times but fails to break through and falls below it. As a result, we refer to this as a support level.
Line 3 is drawn at a support level, but it does not show where the price repeatedly fails to fall below the support line.
Price reaches level 2 multiple times but fails to break through and falls below it. As a result, we refer to this as a support level.
Line 3 is drawn at a support level, but it does not show where the price repeatedly fails to fall below the support line.