[badcharts]

I had the same thoughts. That is why the Ichimoku clouds are pretty cool. They phase out older res/sup as time moves on. Works well on 5 years weekly candle charts.

On my 10 year monthly candle charts.. i can easily have patterns over 3 years, sharing the same res/sup breakout/breakdown lines. I guess that is why charting is more of an art than science..

Thanks for sharing your technique. I'll have to study it further.

Something which gives me fits when using lines of support and resistance is deciding for how long they remain viable. Is that decided by how many times the line has been broken, or how old they are since their inception (days, weeks, months)? Do they remaiin viable indefinitely? I need to find a really good book or article detailing using support and resistance.