I guess it comes down to personal preference but I agree with sajidkust. S/R in my book can be supply/demand, trend-lines, highs/lows, traps etc. It comes down to the context the market is in as to what will more likely act as S/R. Confluence of different forms of "S/R" can be great too.
I will agree with Dadas that the traditional understanding of S/R is flawed. .. (IMHO)
I will agree with Dadas that the traditional understanding of S/R is flawed. .. (IMHO)