If this is truly legit, bravo . But this in itself doesn't prove your initial claim that TA exists only in the poorhouse.
Ty. My claim is that trendlines don't work. If it does, why aren't the wealthiest and most successful traders using them? You can similarly make a claim about astrology predicting stocks, but just because no one wants to waste their time proving they don't, doesn't make your hypothesis any more right. Cheers
I dunno what to say. Trendlines have been the bread and butter of my trading strategy for over 25 years. But to each his own.
Of course they work. How can something not work. They show the direction of the trend. What is it you expect a trend line to do? FWIW I use trend lines to exit trades. When the trend breaks I exit. And no I rarely get out at the top and usually leave a little cash on the table.
Do trendlines work? Do S-R lines work? Do MA crosses work? Do Overbought / Oversold things work? ... ANSWER : Sometimes YES Sometimes NO WHY ? The market moves in various fashion, manner, ways, speed, pattern, characteristics, behaviour .....