No… i wasn’t referring to that
of course Price traded tick by tick and time frames are merely an extension of the tick by tick data.
yes. instruments trade the same on a 1minute chart as they do on a Yearly chart because price movement is price movement regardless
but your question was this
you’re now on a different topic and a different train of thought.
all i was trying to illustrate to you was because of how candlestick mathematics works.
you will quicker see a break through on support and resistance levels that you draw on a 1 minute chart , than you will on say a Daily chart
do you understand what i mean ?
now given your last response to me vs your first response
it now appears that you do understand how these things work
so… My question would be, why are you asking the question where should you draw them.
when you asked, i assumed you were a complete beginner and didn’t understand time frames.
it now appears you do understand them
this in turn means you should have enough knowledge to be able to decide where to put your support and resistance lines
as other options
Why don’t you try pivot points
why don’t you try Fibonacci
Pivot points are actually pretty good and will likely put the lines where you would have put them anyway
maybe give those a go
but the answer to your question is… I’ts ultimately up to you mate, it’s not an exact science , it’s something you figure out over time by playing with the charts and seeing if your line placement skills hold true to what is going on in the market
Hope that helps