Whether it's moving averages, Fibonacci percentages, or lines generated by other indicators, none can represent support and resistance on their own.
Because the market is unaware of these lines and does not care how you draw them.
The market does not care how your brain thinks, how your system works, how many indicators you have, etc.
What truly serves as support and resistance is trading volume.
Because trading volume represents the amount of funds flowing in and out of the market, and the size of the trading volume reflects the confidence level of the participants.
——— Wyckoff on Support and Resistance
