Yup. I think many people ignore extremes in price because they think of them as spikes, or temporary lows or highs. The problem is, if you had a buy order that was sitting at a low level or a sell order at a high level and price crossed your level, but the MM's ignored it because they were only temporarily taking price through your buy level, you'd be pretty ticked.
If the spike is valid for any daily buy or sell, it is valid in a chart and should not be ignored by technicians. I know you're in agreement there, and T/A practicioners ought to be as well.
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