I draw lines and just see if they hold. The width between the lines shows their memory the create. Narrower distance will mean a narrower move as it relates to the point of origin for these lines. Many become the supports of the future and many others will become the resistance. Either way, the market remembers where it was, and it's never afraid to go back.
@ssari, Looking at this now, I think you're right. I feel very embarrased about this chart. It's not my best work, and I should have taken more time to draw out what I was intending.