Resistance Level R4
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Definition of 'Resistance Level R4'
R4 is the fourth resistance level. It is the highest level of 9 points that are calculated as part of the Pivot Points calculations that traders use to determine where the market might reverse direction.
The resistance levels, support levels and pivot point are arranged as follows from highest to lowest. (In some cases the Pivot Point may not be in between the R1 and S1 level. This will happen when the support and resistance levels are not based off the pivot point.)
The resistance levels, support levels and pivot point are arranged as follows from highest to lowest. (In some cases the Pivot Point may not be in between the R1 and S1 level. This will happen when the support and resistance levels are not based off the pivot point.)
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