DislikedHi Jim,
As you think back to many of the superior trades that you've taken in the past, now what specific factors and/or scenario types where you can safely ignore a PPZ?
Can you think of any specific ones or a confluence of factors that can outweigh the PPZ? For instance, perhaps we can safely ignore minor PPZ's if we get a MACDH positive divergence from a symmetrical, well-formed V-formation that is occuring at a 62.8% retrace of big move, with a measured move target from what looks like a big picture flag, confirmed by a big Buob right off...Ignored
Again you're answering the question within the question . A strong PA setup (Big in size) that is heavily confluenced will have the momentum to smash through a strong PPZ level . .turning a Support level into a Resistance level or vice versa.
Higher TFs Rule . . .They have more time and data in them. So a relatively small Weekly PA seup tends to over run a big 4 Hour PA setup . .etc. . . the same with a Weekly PPZ level compared to a 4 Hour PPZ level.
I hope I came near to answering your questions, Var.
Jim
Indicators show the past. Price Action "Indicates" the future.