Hi Doriotcapita, nice thread here about S/R to expand our knowledge especially your nuggets tips. Sorry for hijacking...
Just for sharing,:
If a S/R is strong, price usually bounce off fast and possibility of creating a reversal.
If a S/R is weak, price will cluster near it, waiting for opportunity to break it. If it fail, it will definitely come back to break it after retracements.
Price always "loiter" at a specific range/area for some serious actions. Eg, If you wanna rob a bank, you see that you are outnumbered by bank guards, you will wait for reinforcement or pick another day to rob them again.
Just for sharing,:
If a S/R is strong, price usually bounce off fast and possibility of creating a reversal.
If a S/R is weak, price will cluster near it, waiting for opportunity to break it. If it fail, it will definitely come back to break it after retracements.
Price always "loiter" at a specific range/area for some serious actions. Eg, If you wanna rob a bank, you see that you are outnumbered by bank guards, you will wait for reinforcement or pick another day to rob them again.
The only winner is the one who survive the longest...