not enough tick rate (tick volatility), usually London has higher variance than what we are seeing. That upward regression on the 240 tick chart most likely wants to fail with the 60 minute NY session cascading down to the 5500 area.
High chance it will also be directionless over the next 4 hours. I am going for an extended extra-long coffee break. Good Luck
Can you try and explain to me again what you mean by regression? I honestly got lost when you tried calling it a vector. How is a regression different than a trendline?
they are basically the same thing, but a regression is an array of parallel lines with the same slope. Vector is another word for direction or slope of the line.
And is there any reason why you draw your trendlines blue while regression lines red? Do you have different rules for trendlines vs. regression lines? It seems to me like on the few charts you shared, your regression lines start out as trendlines, but then you keep them as price crisscrosses them back and forth. Trendlines on the other hand, for some people, seem to be invalidated once they are broken. Could this be one difference between them?
as a session unfolds the trendlines and regressions from other timeframes can be seen being approached by price. So the session trendlines drawn extrapolate out to other sessions. The breaks don't invalidate the trendline as long as the slope of the price vector is same as the direction of the trend.
as of now 4am EST USA, - EMA indication (long) - pivot indication (long) - session regression/trendline (long)