| Yes it is...it is the pressure points that matter. If price exceeds a line that is not suppose to exceed it doesn't matter if it was one tic that made it go over...or if it was done over night...it still exceed the line and still printed for us to see. Has nothing to do with volume and everything to do with price and time. Not to say you can't use volume studies. This is more of pressure...as if the market moves just that right amount, and that is all it takes to send it in a different direction.
Sp!ke |