Multi-week references versus last week’s noise
On a daily GBPUSD chart, last Tuesday’s minor pullback and last quarter’s range high can look similar if you draw both as thin lines. In the intensive we colour-code or label them instead: multi-week references stay on the map longer; session-scale shelves are temporary and must earn renewal.
The practical test is simple. Ask whether you would still discuss the level if the next five sessions ignored it. Multi-week references usually survive that question. Last week’s noise rarely does. Keeping both without labels leads to the familiar debate: “it bounced, so the level worked” versus “it was random.”
Label the timeframe of each zone in your notebook. When the London week starts, review only the references that match the horizon you intend to trade. The rest can wait in a separate study layout.