Does trendline work?

https://www.elitetrader.com/et/threads/oil-spike.366805/page-2#post-5596547

 

trend analysis is not about "drawing a line". first learn how to observe these trends. knowledge about support and resistance points is a must in such cases. actually just find yourself a buch of articles about trendlines and go for it.

 

about proofs - well, anyone can attach a screen of a random chart, but does it even make any sense.

I mean, there are plenty of tools you can use, so choose yours

 

TL don't work.
MM works.

 

Yer quoting a post from 3 years ago, and then showing 2 1/2 days of price action. Really, mon?

 

Which do you like more, the horizontals or the diagonals?

 

Neither. You cannot quote a 2 year-old chart and then post a chart that shows action over two days in the past week. I think I am whining about TA differences. K, I shut up now.

 

No worries. Dive in. Everybody has trendline tales.

 

https://www.elitetrader.com/et/threads/interesting-search-terms.365486/page-6#post-5651952