28 July 2026 · Academy notes
When last week's high stops earning its line
A prior high is a candidate for resistance only while later candles still treat it as one. After a pair of closes beyond it, the desk stops copying it forward.
The high is a place, not a trophy
New students circle the prior week's high in heavy pencil and then defend it for a month. The price mattered because it was the extreme of a finished week. It keeps mattering only if later sessions respond to it: a stall, a rejection close, or a break that fails.
If the next week trades through that high and closes above it twice, the circle is a souvenir. Wichai makes the clinic erase souvenirs before the kept list is written.
What can replace it
Look for the body of the candle that closed back under the break, or the new week's own high if it formed with space on both sides. Do not replace a dead high with a round number sitting nearby. The round number can be mentioned in the margin as a place where orders might cluster, but it is not given the job of resistance unless candles have actually turned there.
On the Planning Desk this conversation happens on evening one, while the chart is still the old week. It saves the rest of the cohort from planning around a level the market has already retired.