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It is "obvious" that a reversal occurred at R.
My resistance trendline can not "see" it yet.
The reason is simple.
My trendline is based on Peak() function and the sensitivity
is calibrated at Perc=3%.
The day R had H=1342.64.
Peak() function will recognise it as a peak as soon as
H<0.97*1342.64 or H<1302.36
The last H was 1307.85 and it was not enough to trigger the
Peak() function.
Nobody knows how many bars we need to see
H<1302.36.
Everybody should know that, if we do not see H<1302.36, the
point R will not be recognised as a peak.
I hope it is clear.
Dimitris Tsokakis
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