Dislikeddraw enough lines on a chart and eventually you will find that price will "respect" at least one of those lines all the while we fail to mention the other 7 that it just passed through on the way to the one that "worked". It is like all things we put on our charts in that it is there to provide you with a way of justifying your actions as to why you bought or sold at a particular point. As with all trading methods, some will profess its absolute perfection while others will decree its absolute nonsense. Who is right and who is wrong? Who cares?...Ignored
Exactly!
Wealth comes from what you keep, not what you earn