squ1dk1d support/resistance points aren't opinions derived from TA, they are facts posted in black and white.
Sorry you misunderstood my statement. I did not say, support/resistance was not TA.
BUT support/resistance is not determined buy a TA indicator through calculations of an equation.
ANY high with a retrace is a resistance point. Any low with a retrace is a support point. They are there, you don't have to calculate them. You don't have to use moving averages or any other ta indicator to see a bottom or top with retrace in the PPs.
Also sorry I use bar charts to find resistance of .387 because your correct .36 is the last resistance point. I didn't look at a chart!
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