[isatrader]

Hello,

I'm going through all your videos, marking up the charts as you are for practice and to study and you threw a curve ball at me.

Am I interpreting this correctly?

Normally, you would have just drawn out the SC and AR. BUt in this case you added another resistance line. I'm assuming you did that simply because it was there, and so close? Otherwise,  the SC and AR would have been it. Does this make sense?

Mostly, I'll only highlight the SC and AR, but if there are other levels that are significant, then I'll show them too.

So why is that level significant. It's because the price has stopped in the relative zone around it multiple times, i.e. it's acted as support or resistance. So that gives it more significance as a level of interest, and because it marks the most recent points of resistance. As it stopped there twice.