Just wanted to give my insight because I see alot of people saying support and resistance lines are subjective.. I happen to disagree with this. I'm primarily a support and resistance trader and there are technical ways to determine major support vs. minor support. From a technical perspective it's not subjective at all, there are clear cut ways of drawing these levels properly and when done right, price has a high probability of reacting off these levels. Just to give you an example, the more times that price has hit a level the weaker it gets (minor support). Vs. support that has only been hit once or twice at a major low this would be major support and has a high probability of a bounce. So when you are drawing S&R levels pay attention to how many times it's been hit previously, also the time in between the hits.