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Old range high becomes level of interest; support/resistance flip signals continuation of displacement move.

From Advanced Dealing Ranges Explained: The Only Strategy You Need · jumps to 10:16 · speech

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If price comes and retests that old range high, generally this move is going to continue higher. I don't want to see us spending a ton of time back below that old high. We can trade below it, but that old high becomes a level of interest. No different than your equilibrium level, your OTE levels, order blocks, fair value gaps, et cetera. The old range high can actually become a level where you look for price to potentially reverse from, showing that it's now turning that prior area of resistance into support. So scenario number one is we have a range. We get displacement above or below the old range, higher low. And now we have to wait for the first meaningful pullback and map out our new range boundaries, which give us a brand new 50% line, premium and discount zone, new order blocks, fair value gaps, all that fun stuff, as well as a new potential level of interest, which is that previous range higher or low to see if it's actually going to be a support or resistance flip.
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