As you will see, professional traders want to test or to cross resistance with the least amount of effort to
them. To cross resistance will cost the specialist money which they want to avoid. Note how the highs and
lows may be testing the resistance, but the closing price tends to avoid the clusters.
To penetrate old resistance, there might be a sudden wide spread down-bar on high (but not excessive)
volume, punching through the resistance, or a gap down over it (this is like jumping the hedge). You may
see the price drift sideways, and then amble through a gap, or you might observe a rapid move down
through a gap. Why this should happen is always open to discussion. The professionals in the markets are
aware of resistance levels, not through some complex theoretical analysis, but because they have the orders
on their books. They have sight of both sides of the market as the orders from around the world arrive.
They will also know when it becomes difficult to attract business at certain prices (no demand). What we
can be sure of is that resistance to price movement is a reality whether upwards or downwards.