The point about charts being records of collective decisions rather than collections of price levels really stood out to me. Support and resistance tend to become much more meaningful when viewed through the behavior of market participants rather than as fixed lines. Volume, time, and the reaction around a level often tell a deeper story than the level itself.
The point about charts being records of collective decisions rather than collections of price levels really stood out to me. Support and resistance tend to become much more meaningful when viewed through the behavior of market participants rather than as fixed lines. Volume, time, and the reaction around a level often tell a deeper story than the level itself.
You explained it perfectly and yes - there is always more than just 'drawing lines'.
Here, I try to simplify all these complex concepts and focus on what matters!
Love reading your thoughts!