Ill paint a story for you....
You get ready for your trading week and have your pivots (R1, S1) lined up ready to go...
So the market opens up and the price plummets past your support you wait a while and this happens.....
http://img8.imageshack.us/img8/971/ehhhs.jpg
Oh and were on a hour chart.....
You get ready for your trading week and have your pivots (R1, S1) lined up ready to go...
So the market opens up and the price plummets past your support you wait a while and this happens.....
http://img8.imageshack.us/img8/971/ehhhs.jpg
Oh and were on a hour chart.....