#SupportResistance #PriceAction
A prior support area gives you a reference. A touch gives you arrival. The close and the following reaction give you different evidence. Keep the area fixed while you test the reading.
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.
A prior support area gives you a reference. A touch gives you arrival. The close and the following reaction give you different evidence. Keep the area fixed while you test the reading.
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.