Home > Term: congestion
congestion
When prices trade at similar levels over a period of time, the chart becomes cluttered with business at these levels and is referred to as 'congested'. Congestion areas are often seen as providing support/resistance. They are the levels at which, rather than breaking into new ground, prices tend to bog down and become trapped.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Energy trade
- Company: Platts
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Creator
- Jeremy Z
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