DislikedWhat if there are several hooks that approach the s/r level but don't hit it? does that make the level void because there is no longer a smooth parabola approaching the level?
You can see in my attached chart.Ignored
Just reviewing my last answer, i dont think i addressed your question fully.
The level is valid regardless of how price approaches. Wether it comes arched upward or downward, vertically or diagonally. As long as the break out pattern existed, the level is valid.