A price area where buying has previously been strong enough to slow or reverse a decline.
Why it matters
Support identifies an area traders may watch for a reaction, but no support level is guaranteed to hold.
Example
If buyers repeatedly appear around ₱50, traders may describe that area as support.
Price Action
Resistance
#
A price area where selling has previously been strong enough to slow or reverse an advance.
Why it matters
Resistance is often watched for rejection or a possible breakout.
Example
If price repeatedly fails around ₱60, traders may treat that area as resistance.
A move through a clearly watched support, resistance or trading-range boundary.
Why it matters
A breakout may show changing price behaviour, but it still needs confirmation, context and risk control.
Example
A stock moves above a resistance area that has rejected price several times and then holds above it.
Price Action
False Breakout
#
A move beyond an important level that quickly fails and returns inside the previous range.
Why it matters
False breakouts are one reason traders often wait for confirmation rather than reacting to the first price touch.
Example
Price trades above resistance in the morning but soon falls back below it and remains there.
When price returns to a recently broken area to test whether it now acts as support or resistance.
Why it matters
A retest can help traders judge whether a breakout is holding.
Example
After breaking above ₱60 resistance, price returns toward ₱60 and then stabilizes.
A market structure generally characterized by rising swing highs and rising swing lows.
Why it matters
Recognizing the broader structure helps prevent treating every small pullback as a trend reversal.
Example
Price advances, pulls back while holding above the previous major low, and then makes another higher high.
A market structure generally characterized by falling swing highs and falling swing lows.
Why it matters
Recognizing a downtrend helps distinguish temporary rallies from a confirmed trend change.
Example
Price falls, rebounds to a lower high, then breaks to another lower low.
Price Action
Consolidation
#
A period where price trades within a relatively contained range instead of trending strongly higher or lower.
Why it matters
Consolidation can represent balance before a later expansion, but the eventual direction is not known in advance.
Example
A stock trades between ₱48 and ₱50 for several sessions after a strong move.
