How far back in time should we go to find Support and Resistance levels?
Realize though, the further back you have to go, the more time has elapsed since price was last there. As Support or Resistance is a result of trader decisions and actions, more elapsed time usually means it will have less influence.
Realize though, the further back you have to go, the more time has elapsed since price was last there. As Support or Resistance is a result of trader decisions and actions, more elapsed time usually means it will have less influence.