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Resistance Level R1
R1 is the first resistance level. It usually falls above the pivot point and below R2 but there are circumstances (see below) when the pivot point can be above R1. R1 is calculated as part of the Pivot Points calculations that traders use to determine where the market might reverse direction.
Last updated: 22-Jun-2011
What is Resistance Level R1?
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.)