Does trendline work?

Discussion in 'Technical Analysis' started by GloriaBrown, Aug 17, 2019.

  1. maxinger

    maxinger

    That is a very straightforward question.

    Answer is
    YES AND NO.

    do note that the market moves in various manner/shape/fashion .....
     
    #251     Mar 3, 2021
  2. easymon1

    easymon1

    delete kdir .png
     
    #252     Mar 3, 2021
  3. easymon1

    easymon1

    hq 2021 0519 10m trendline.png
     
    #253     May 19, 2021
  4. Vtechno

    Vtechno

    :D
    upload_2021-5-19_15-3-17.png
     
    #254     May 19, 2021
    easymon1 likes this.
  5. #255     May 19, 2021
  6. easymon1

    easymon1

    #256     May 19, 2021
    Vtechno likes this.
  7. I think the trendline can work but also possible to break the line, usually, the trendline is marked support or resistance level zone, if break the line probably will reverse.
     
    #257     May 19, 2021
  8. easymon1

    easymon1

    How would a retest of a disrespected trendline factor in to your view?
     
    #258     May 19, 2021
  9. I think two or three times retest
    strong support resistance will make price bounce
     
    #259     May 20, 2021
  10. Of course trendlines work.
    Trendlines just represent a good guess where the consensus of traders on the opposite side of a trade may change their mind. And since most traders think in terms of percentage gain (and not total dollar gain), logrithmic charts work better than arithmetic charts.
     
    #260     May 21, 2021