Yes...
I have seldom seen anyone posting between a trade.. although I don't trade on individual candles, I myself had seen the support resistance theory work and gained from it.
One important main reason for his success is trading with the trend..this simple reason is main contributor to successful trade on most of the days
... My post was only on your query so please let us not take anyone success or failure in trading... bcz that may pass wrong impression that i am pointing someone.
Yes support and resistance theory works. Infact every theory works in market. That's the reason why even astrologers dint leave market. The main reason why every concept seems working in market is not because of the power of the method. Yes some methods have an edge over other but the main reason is the market itself. Market design contributes a lot. Market has only 2 directions, either up or down. so every predicting method has a theoretical 50% probability. I, my friend my office boy every one has a fair chance here while making predictions.
Similarly every analysis method/concept has a fair chance to prove its success. Because it needs to pick the right one from just two options.
If we apply these techniques on game like casino or any other form of games with multiple options ( to choose from ) and try to predict the patterns , its success scatters away.