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Market Intelligence › Basic Terminologies
The point beyond which the meaning of par level ends.
Published by The Retail Trader · JUL 31, 2026 · Market Structure
Invalidation — The point beyond which the meaning of par level ceases to exist.
This term comes under Market Structure, in the section "How to check the quality of the level". Not every line you draw is a level. These are the words by which the quality of a level is judged:
Other terms in this group — understanding them together is more useful:
• Touch Count
• Reaction Strength
• Freshness
• Break and Close vs Wick Break
• Confluence Zone
• Level Cluster
• Magnet Level
• Price Memory
• Measured Move
• Round Trip
To read the entire group and all its examples in one place, see the journal "MARKET STRUCTURE: LEVELS, ZONES and SWINGS" - this term is taken from there.
This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.