A level marks a location. The reaction supplies evidence.
A support area is useful because price previously reacted there. Drawing it does not tell you what the next visit will do.
When price arrives, separate the observations: did it only touch the area, close through it, or move away after testing it? Those are different reactions.
Keep the original area visible. If you move it after every candle to preserve your first interpretation, the drawing stops testing anything. A useful reading includes the evidence that would challenge it.
#SupportResistance #Priceaction #MarketStructure #SupportAndResistance
For further reading: Support and Resistance Explained for Beginners | Trading Turtle
A support area is useful because price previously reacted there. Drawing it does not tell you what the next visit will do.
When price arrives, separate the observations: did it only touch the area, close through it, or move away after testing it? Those are different reactions.
Keep the original area visible. If you move it after every candle to preserve your first interpretation, the drawing stops testing anything. A useful reading includes the evidence that would challenge it.
#SupportResistance #Priceaction #MarketStructure #SupportAndResistance
For further reading: Support and Resistance Explained for Beginners | Trading Turtle