By observing price action (following days) at the opening price of each month (black horizontal line) we can see evidence that price reacts to those levels. Being technical support resistance does not mean that those levels will not be penetrated.
It is easier to make consistent trading profits by trading with the trend than going against it. Besides looking out for technical support-resistance levels and trendlines, getting market sentiment right is equally important. After all, it is easier to make more money when we join