Day traders' weekend lounge July 16 - 18, page-77

Thank you @Patterns.

One quick question if you don't mind please - you often mention about pivot highs. Based on what I read, is it correct to say that the blue lines in your chart are resistance lines, if a candle breaks a resistance line and manages to stay above it, then that price point is a pivot high point and the old resistance/blue line could potentially become a new support line and a demand zone?

thanks in advance.