1- horizontal Resistance line can draw across candles and it has 2-5 touch points, High/Open/Close etc that is Resistance.
2-horizontal Support line can draw across candles and it has 2-5 touch points, Low/Open/Close etc that is Resistance.
Watch lower timeframes M5, M15 to see how the traders, humans, will buy and sell in this range/channel for a bit, then it can't continue, see patterns for breakouts, then it will most often retest that Support/Resistance line you drew...Amazing and simple...once you really get this down you trade that behavior.
Learn the behavior of price..then trade it...
Good Luck
Priceless Quote:
"Support once Established, will often flip to Resistance once broken, AND Resistance once Established, will often flip to Support once broken"
See Image "S" = Support "R" = Resistance
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