[Question] Can fractals really be used for support/resistance? I think they cannot because they repaint when highs and lows are updated [Answer]
Question from the community ↓
Fractal's Steady Use
【Questioner】
Fractal
Can it really be used for support and resistance?
I think you can’t use it because it repaints when the high and low are updated
【Answer】
That depends on how you think about it
The same kind of issue occurs with any technical analysis
In the end, this repaint-like behavior
is actually unavoidable in any technical analysis
Because the market itself does not move in price ranges that fit into technical analysis
When it does settle into a range, technical analysis can trace it neatly, but
not all movements will be like that
Fractal is solidly based on support and resistance,
so it can better capture the price range highs and lows than other technical analyses, which is good
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