Arent weekly supports getting tested mostly on daily chart? I mean they are still supports untill we close bellow them on the current time frame, same with resistances this monthly one will driving the price down unless we magicly close above it at the end of the month. Thats my theory basicly.
@_Dope_Trades, well im not that confident thats why im asking, dont have much technical knowledge, but im following some of your ideas + some of my theories. I noticed that higher timeframe support can be abused on lower time frames, but at the end of the day its still acting like price magnet, same for resistances wich are not gained. Lets say u can have monthly resistance below weekly support, for example xvg.