Psychological levels
Trend & Structure
Round number magnets
Humans cluster orders at $50, $100, $500. These act as S/R with zero chart history. Pure psychology. Big round numbers on big stocks are always on the map.
Check yourself
Why does $100 act like a level before price has ever been there?
- Regulation
- Order clustering at round numbers correct
- It doesn't
Limit orders, stops, and targets pile up at round numbers. The cluster IS the level.
Learn this properly
This term has a full interactive lesson in Wick — the chart, the pattern to tap, and a live practice terminal to try it on. Free to start.
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