DislikedI always look at the last wave of price, meaning the most recent wave, because that's the most significant price data you have. When price bounces, it's likely it bounced from a significant s/r level. So I start with a monthly chart and identify S/R levels on the most recent wave/waves. Then go to a weekly, daily, H4 and H1 chart and do the same. But if you want to backtest, you can just go to an H1 chart, scroll back a few pages, so you don't remember what's next, then try to identify s/r levels on that page. after you do that, scroll forward and...Ignored
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"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
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