Key terms in this workflow

Use these definitions to tighten up how you read the tools grouped in this category.

Levels should orient the trader quickly

Session and reference tools are at their best when they give the chart a clean map. Prior highs, lows, opens, closes, pivots, and retracement levels should reduce hesitation, not create a maze.

Raw levels and calculated levels do different jobs

Prior-session references tell you what price actually did. Calculated pivots and retracements build a structured framework from recent data. Both can be useful, but they are not interchangeable.

Session templates change the output

Any tool that depends on session highs, lows, or opens can shift meaningfully when the session template changes. That is worth checking before trusting the lines on the chart.