DislikedJust a quick point, as Mike says Price can react at various points within a Support/Resistance (SR) area.
So, some like to draw a band that encompasses a range of highs (Resistance) or lows (Support) and some, like me, prefer a more precise approach. My original image was just a quick and dirty pic to show the broad concept not to suggest that lines were best.
So here's another with a couple PPZ Zones drawn. The same thing applies though, old Support becoming new Resistance when price comes back to that area (and vice versa). Again, it doesn't always happen that the roles get switched but it happens often enough to wait for PA to guide you in your trading.
[b][color=Green]Support arrows in...Ignored
Thanking you for your great clear chart example to help with my learning ..
Much appreciated!
Adrian