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For today.
I keep looking for ways to make this clear to others, but perhaps there's no substitute for multiple examples.
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I don't think I quite understand your chart though. If I am understanding this right, there is no support below 1720?
I took a trade on the ES today, but because your chart was the NQ so I'll post the setup here too. The same thing occurred on the NQ anyway so it's all the same. Your last rectangle was 1700-1710. I had support around 1707 actually, so around the mid of that. Then almost exactly one hour into the session price went down on heavy volume (see qqqq chart) and broke that support. The next bars were all small and on low volume, a retracement right? So why does price rise then? I fear I am losing touch with reality here.