DislikedRegarding HCR and LCS levels, if price is below those current levels, we still do take both of them into account right?
Say if price is below the current LCS level, the LCS is still a resistance point even though we mark it out as a support level.
Vice versa for HCR when price is above.
Having said that, now that I look at cadjpy weekly, price seemed to break above one but close below another LCS and is in between!
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Am I getting this right?Ignored
I tend to go with the most recent levels or current levels that Price is dealing with . . . but I won't ignore the others past levels, especially when they are in Space. Space tend to revitalize the strength of the levels.
I would have like to have seen a stronger Close Above the LCS levels .(77.44-77.28) . .We also may see some bullish action at the HCR level (76.81) because Price Closed Above it ..
Indicators show the past. Price Action "Indicates" the future.