#SupportResistance #PriceAction
Price touches a support area and closes below it. Which description preserves the evidence: “support held” or “price closed through the area”?
Answer: “Price closed through the area.” That observation challenges a simple holding-support reading. It still does not predict the next candle.
Multiple past reactions do not guarantee another. The chosen area and timeframe must be stated.
Price touches a support area and closes below it. Which description preserves the evidence: “support held” or “price closed through the area”?
Answer: “Price closed through the area.” That observation challenges a simple holding-support reading. It still does not predict the next candle.
Multiple past reactions do not guarantee another. The chosen area and timeframe must be stated.
