[mister ed]

A common misunderstanding is that there is a 'one-size-fits-all' approach to support and resistance. S&R is present at different scales to diferent degrees, and there are traders trading at these different scales. If one cannot read the signals at these different scales, thats fine, stick to the 10-point or so fixed 'zones' of S & R, but for those more attuned to the dynamic nature of S&R, and who can trade dynamically, recogntion of the different scales within which the market trades is important. It is easy to get fixated on one scale and assume that is the only scale of relevance. It is a subtle distinction, though, not everyone gets it.