Don't mean to be rude, but why don't you pick your favorite instrument, really learn it and find out for yourself?
Well, I couldn't figure out, 50/50 from trading/backtesting, so I figured if people could give inputs. I am a little dumb and slow..
A clue. I think it was the original Star Trek tv series where they would show a multi-level chess game. In my view, the market is not that different than playing a game similar to that. Multiple levels that are in play. However, you have a different opponent with different goals and motivations at each level.
S/R Analysis is not a trade signal...its just part of a trading plan. Market Context + Analysis + Trade Signal = Trade Anyone can explain their trade signal. Anyone can explain how they derive their analysis but I think talking about market context of the trading day may be the most difficult because the context is different each trading day while the analysis uses the same computation and the trade signal has the same objective rules...assuming you're not doing any intuition trading when price hits a support or resistance level. The key component not shown above is YOU. You're the one that needs to interpret the context, analysis and trade signal and then determine if its suitable for a trade.
My perspective is that it's not quite as simple as that, unfortunately. But at the same time, that's also clearly something that can help to stack the deck a little more in your favour, rather than against you.
Price will do but one of 3 things - you can think about it as much as you like, but when buyers stop buying, and sellers start selling, price will change direction - how far it now travels can not be known by any person, but, what can be known is certain price levels where buyers and sellers may once again fight it out. Futures lead Cash - so watch the Futures! J_S