Disliked@ imjscn - Do you mean an hourly reversal bar on the 27th? If so I can see that and I also see it as a HIP on the daily charts...
However, taking the average of the previous day's high, low and close then multiplying it by 2 and subtracting the high to find the next day's resistance seems a bit arcane and moreover predictive, which I thought we didn't do.Ignored
yes, we TAF chaps don't pay much respects on pivot levels
Quote chief's words-- "support/resistance are alive".
When a price level is difficult to crack, we know that somebody is putting money there to defend that level-- that's the living support/resistance. If we detect him, we still need to see how strong he is, then, we decide to join him or not.