I have been working on assuumption that out of ours TLs are not as important as acash market PA formations but this appears to be incorrect. It is worth noting on the TL label if it’s an ON level only, but it should still be traded.
TLs that form during the futures session as also often important levels – this makes sense as going into the cash open, this is the most up-to-date information available.
Likewise, unless the ON high and low tie in with other levels, I usually don’t see them as particularly important. This is most likely an omission on my part, for the same reason – it’s the fresest inmformation availvle.
