Support is a price level where demand is strong enough to stop the price from falling further. Resistance is a price level where selling pressure is strong enough to stop the price from rising further.
Bearish
If the price falls below the pivot and breaks through S1, S2, or S3, it shows weakness. The deeper it goes past these support levels, the stronger the downtrend.
Neutral
When price is between S1 and R1, it means the market is range-bound and no clear trend has formed.
Bullish
When price is above the pivot and moving past R1, R2, or R3, it shows strength and an upward trend.