Support and Resistance is an area or levels where price/market has reacted to in the past and can potentially react to again in the future.
We shall draw support and resistance level because of possible trade opportunities arise at support and resistance levels.
#Swing high or swing low
#Multiple rejections
#Obvious and easy to spot.
#The move away was drastic.
#Acted as both support and Resistance.
#Recently respected or formed.
It does not matter how high or low price is,we never jump into trades blindly,we always wait for price action.