Thanks NoDakFarmer. For me I always look for a close below the whatever line I'm looking at, in this case, the line representing a structural level. When you think about it though, if you had a 1 minute chart that spanned 15 years, it would have many closes below that structural level. It seems like I often select a chart that is too data intense for the time frame I'm looking at. After switching to the monthly chart it was more clear that was not structural because there was no close below that level. To me it sounds like you would maybe have not called that a confirmation of structure even if it had closed below the structural area on a monthly chart? I'm always confused about that. Why is a close so significant? What if a monthly chart was offset by 15 days? Maybe it would have closed below the structural area had the month ended on the 15th rather than the 31st? Thanks for your thoughts. |